I am progressing with the sale of my house in Temple Fortune and the EA has just text me to advise that the buyers are appointing a new solicitor. The reason given is that the mortgage company will only deal with property lawyers on their approved list. Why would a leading lender only deal with specific law firms rather the firm that they want to select for their conveyancing in Temple Fortune ?
UK lenders have always had panels of law firms they are content to work with, but in the last few years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.
Lenders point to the increase in fraud by way of justification for the cull – criteria have been tightened as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that 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. The purchasers are unlikely to have any impact on this.
It is is a decade since I bought my home in Temple Fortune. Conveyancing solicitors have recently been retained on the sale but I can't track down my title deeds. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be with your lender or they could be in the possession of the conveyancers who oversaw your purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Temple Fortune relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Temple Fortune so that I can pop in to their offices if required.
Nowadays conveyancing panel lawyers for mortgage companies conduct their work via the post, e-mail or over phone calls. This enables them to undertake the conveyancing transaction no matter where you live in England or Wales. Nevertheless you can check if you have the option of going to the offices of your conveyancing lawyer if just in case this is required.
I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a residence in Temple Fortune? or Apparently there is historic law that could mean that house owners residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this applicable for conveyancing in Temple Fortune?
Unless a previous acquisition of the house took place after 12 October 2013 you could assume that lawyers conducting conveyancing in Temple Fortune to continue to recommend a chancel search and or chancel repair liability policy.
Is it possible to transfer to a new solicitor as I need to find a firm on the Chelsea Building Society conveyancing list. I instructed a high street conveyancing solicitor in Temple Fortune round the corner but he is not accepted by Chelsea Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Temple Fortune on the Chelsea Building Society panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Temple Fortune. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Temple Fortune.