My IFA has requested my Ponders End lawyer’ panel reference for the Lloyds conveyancing panel. Can you suggest how I obtain this. I have tried my local Ponders End branch but they have not got back to me yet.
You are best placed to get this information from your Ponders End conveyancer . They keep a central record lender panel numbers.
We note that you have a search directory listing firms on the Nationwide conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Ponders End?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ponders End.
Are the BSA intent on creating a searchable register to to identify law firms on the Earl Shilton BS conveyancing panel for instance in Ponders End?
We are not aware of any plans on the part of the BSA to develop such a search facility.
Are there restrictive covenants that are commonly identified during conveyancing in Ponders End?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ponders End. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My 20yr old son is just in the process of moving home, he had his mortgage in principle. When the offer was accepted on flat we contacted the mortgage company to progress the mortgage application. We were very surprised to learn that mortgage lenders do not accept all lawyer, they must be on their panel, is this right?
Banks normally imposes restrictions either the type or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Ponders End conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.