I am progressing with the sale of my maisonette in South London and the estate agent has just text me to warn that the buyers are changing their solicitor. The excuse is that the mortgage company will only work with solicitors on their approved list. On what basis would a leading mortgage company only work with specific law firms rather the firm that they want to appoint for their conveyancing in South London ?
UK lenders have always had an approved set of law firms that can represent them, but in the last few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Mortgage companies point to the increase in fraud as the reason for the pruning – criteria have been narrowed 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 says it is being contacted daily by practices that have been removed from panels. Some do not even realise 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 your site be used to locate a Conveyancing solicitor in South London even if I’m not purchasing or selling a house, for example if I want to buy an office in South London with a loan from The Royal Bank of Scotland?
Our search tool is predominantly there to select domestic conveyancing solicitors in South London but we have set out at the bottom of this page some South London commercial conveyancing firms. You should speak with the firm directly to see if they can also act for The Royal Bank of Scotland
My property lawyer in South London has never been on on the Skipton Building Society Conveyancing Panel. Is it possible for me to use my family solicitor even though they are not on the Skipton Building Society list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your preferred South London lawyers but Skipton Building Society will need to use a lawyer on their list of acceptable firms. This will result in additional overall legal fees as well as result in frustration.
- Choose an alternative solicitor to act in the purchase, obviously checking they are Skipton Building Society approved.
- Try to convince your Skipton Building Society based solicitor to seek to join the Skipton Building Society panel
We are purchasing a property and the solicitor has referenced Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this strictly appropriate for conveyancing in South London
Unless a previous purchase of the property completed after 12 October 2013 you could take it that lawyers carrying out conveyancing in South London to continue to recommend a chancel search and or insurance against a claim.
In what way can the Landlord & Tenant Act 1954 impact my business offices in South London and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business tenants, granting the a statutory right to apply to court for a new tenancy and continue in occupation when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. South London is one of our numerous locations in which the firms we work with have offices