I am nearing exchange of contracts for my maisonette in Tiverton and the estate agent has just e-mailed to warn that the purchasers are switching conveyancer. The reason given is that the lender will only engage with solicitors on their approved list. On what basis would a leading lender only work with specific lawyers rather the firm that they want to select for their conveyancing in Tiverton ?
Lenders have always had an approved set of law firms they are content to work with, but in recent years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for over 25 years.
Lending institutions point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to oversee. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are unlikely to have any impact on this.
My fiancee and I are purchasing our first property. Our conveyancing practitioner has e-mailedto see if we wish to purchase extra conveyancing searches. We are really unsure what's necessary for conveyancing in Tiverton
The quantity and type of Tiverton conveyancing searches depends primarily on the premises, the location, the likelihood of any of these risks, your familiarity of the area and risks, your general appetite to risk. What is important is that you properly comprehend what information each search could supply. Then you can decide if you consider that you need that search. If in doubt, ask the conveyancing practitioner to recommend.
Is it necessary to pay for insurance to address the risk of chancel repairs when purchasing a house in Tiverton?
Unless a prior purchase of the property took place after 12 October 2013 you may assume that lawyers carrying out conveyancing in Tiverton to remain encouraging a chancel search and or insurance against a claim.
I am looking for a conveyancing lawyer in Tiverton for my home move. Can I see a firm’s complaints history with the legal regulator?
You may read published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.
I'm purchasing a apartment in Tiverton. I have found my conveyancer's company on the CLC list, but I can't locate my lawyer's name on the list. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. Provided there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unqualified staff.