I am one month into the sale of my apartment in Purfleet and the EA has just telephoned to warn that the buyers are changing their law firm. The reason given is that the mortgage company will only engage with property lawyers on their approved list. Why would a major mortgage company only work with specific solicitors rather the firm that they want to select for their conveyancing in Purfleet ?
Banks have always had panels of law firms that can act for them, but in the last few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Banks justify this action to a rise in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are not going to have any sway in the decision.
Can you point me to a directory of Skipton panel solicitors in Purfleet on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings available on the web. Where you are seeking to appoint a Purfleet conveyancer on the Skipton please use our tool.
We were going to get a AIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Purfleet solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Purfleet solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
Coventry BS have agreed my home loan in principle, my bid on a flat in Purfleet has been agreed to, what happens next?
Your estate agent will want to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s panel). Call up Coventry BS or your broker and finish off any outstanding documentation. Coventry BS will appoint a valuer who will get in contact with the selling agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. Coventry BS will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Purfleet.
I used Arc property Solicitors several years past for my conveyancing in Purfleet. I now require my file but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Purfleet of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
In my capacity as executor for the will of my grandmother I am selling a residence in Swansea but I am based in Purfleet. My conveyancer (who is 250 kilometers from merequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Purfleet to witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Purfleet
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.