Unfortunately I am unable to travel far from The Hyde. What is the rationale as to why all The Hyde conveyancing practitioners are not on all lender panels?
Mortgage Companies tend to restrict either the nature or the number of conveyancing firms on their panel. Frequent examples of such restriction(s) being that the firm must have two or more partners. In addition to restricting the structure of firm, some banks for instance HSBC made a decision to restrict the size of their panel they use to represent them. You should note that banks have no accountability for the accuracy of conveyancing given by any The Hyde conveyancing practitioner on their panel. Increases in mortgage fraud was the main trigger for the culling of solicitor panels a few years ago even though there are opposing views concerning the extent of solicitor involvement in some of that fraud. Data from HM Land Registry reveal that thousands of law practices only conduct less than three conveyances annually. Those vindicating conveyancing panel pruning ask why law firms deserve claim to remain on a bank panel when clearly conveyancing is not their speciality?
My husband and I are getting closer to an exchange on a house in The Hyde and my parents have sent the 10% deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancer needs to disclose this to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is obliged to clarify with mortgage company to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We note that you have a search directory identifying law firms on the Coventry BS conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in The Hyde?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in The Hyde.
Me and my brother own a 4 bedroom Edwardian property in The Hyde. Conveyancing solicitor represented me and Barclays . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in The Hyde and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing lawyer who carried out the work.
How difficult is it to switch firm as I have to retain one who is on the Clydesdale conveyancing panel. I was using a high street conveyancing solicitor in The Hyde five minutes from me but she is not accepted by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in The Hyde on the Clydesdale panel. Please note that the solicitors that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in The Hyde. In utilising the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in The Hyde and beyond.