I am in the process of selling my home in Sherwood and the estate agent has just e-mailed to advise that the buyers are switching law firm. I am told that this is due to the fact that the bank will only deal with solicitors on their conveyancing panel. Why would a major mortgage company only deal with specific law firms rather the firm that they want to choose for their conveyancing in Sherwood ?

Banks have always had panels of law firms that can represent them, but in recent years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.

Banks point to the increase in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to oversee. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms 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. The purchasers are unlikely to have any sway in the decision.

Do the conveyancing practitioners indexed on your site conduct right to buy conveyancing in Sherwood?

We have identified a variety of conveyancing lawyers who can conduct right to buy conveyancing work Do contact us to obtain a costs calculation.

We see that you have a search directory listing solicitors on the Virgin Money conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Sherwood?

We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sherwood.

My husband and I are FTB’s - agreed a price, but the selling agent informed us that the vendor will only proceed if we appoint their preferred conveyancers as they want an ‘expedited deal’. We would rather use a local conveyancer who is accustomed to conveyancing in Sherwood

We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', turning down a motivated purchaser is counter productive. Bypass the agents and go straight to the owners and make the point that (a)you are genuine purchasers (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Sherwood conveyancing firm - as opposed tothe ones that will provide the negotiator at the agency a referral fee or meet his conveyancing figures set by head office.

I note that you have a post code search directory listing firms on the bank conveyancing panel. Do Sherwood conveyancing firms pay you a referral fee if I appoint them for my own house purchase?

We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Sherwood.