I can't travel far from Sutton Coldfield. I would like to know the reason why all Sutton Coldfield property lawyers aren't included on all lender panels?
Mortgage companies highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. It led to banks and building societies removing less reputable firms from their official list of approved conveyancers .
I am planning to acquire a property and need a conveyancing solicitor in Sutton Coldfield who is on the Virgin Money solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Sutton Coldfield. We dont recommend any particular firm.
How does conveyancing in Sutton Coldfield differ for new build properties?
Most buyers of new build residence in Sutton Coldfield contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because developers in Sutton Coldfield tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sutton Coldfield or who has acted in the same development.
I have been pointed in your direction by numerous estate agents in Sutton Coldfield to get a quote from a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to promote your lawyers over and above alternative conveyancing organisations?
We refuse to give any financial incentive for directing people to this site. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My husband is buying a leasehold maisonette in Sutton Coldfield. Conveyancing quotes are averaging around £two thousand. Does that seem right?
The average fee last year for conveyancing in Sutton Coldfield was £1,395 excluding SDLT and HMLR charges.