I can't travel far from The Borough. I would like to know the reason why all The Borough solicitors aren't automatically on all bank panels?
Before the recession most mortgage companies had an approach to risk which is different from today. The financial regulator in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the conveyancers on your panel. Accordingly, banks have since looked to extract more information from law firms about their processes and the individuals who work for them and set certain criteria such as completing a minimum number of transactions. Hundreds of firms have been excluded from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to satisfy the criteria of amount of transactions the lenders insisted on.
We are buying a flat and need a conveyancing solicitor in The Borough who is on the Co-operative conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Co-operative . We don't recommend any particular firms conducting conveyancing in The Borough.
What does a local search inform me concerning the house my wife and I buying in The Borough?
The Borough conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations such as Onsearch The local search is essential in every The Borough conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
I decided to have a survey done on a house in The Borough before instructing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor has said that some lenders tend refuse to grant a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in The Borough. Conveyancing may be slightly more expensive based on your lender's requirements.
My boyfriend is purchasing a ground floor flat in The Borough. He was given a quote by the property lawyer connected to the selling agents and it came to £1250 . It was 9 years ago since I sold and purchased a home and the fee was £440. Have charges really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example The Borough searches, land registry fees, etc)