We hope to to purchase with Coventry BS. I dropped in 3 or 4 local practices but cant to find a Wimborne conveyancing firm on the Coventry BS panel. Could you help?
Please do take advantage of the find a lender approved solicitor tool on this web page. Please choose the building society and type Wimborne or your location and you will be presented with a number of lawyer based in Wimborne or nearest you.
If you had a top tip for selecting a conveyancing solicitor in Wimborne what would it be?
It would be unwise to be seduced by the cheapest Wimborne conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
We previously instructed solicitors with offices in Wimborne on the Virgin Money solicitor approved list. They are now charging me an additional amount for handling the Virgin Money mortgage. Is this an additional conveyancing fee specified by Virgin Money?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer can charge a fee for this. The fee is not dictated by Virgin Money but by your Wimborne solicitor. Numerous firms on the Virgin Money panel will levy an ‘acting for lender’ fee but some firms incorporate it on their overall fee.
I'm spending time looking at houses in Wimborne and I am about to put in an offer. Is it best to have a property lawyer on ‘stand by’? I am planning to take a mortgage with Nationwide.
It would be wise to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. Given that you are obtaining a mortgage with Nationwide, ask your prospective lawyers if they are on the Nationwide conveyancing panel otherwise they can't do the mortgage legal work.
Due to the guidance of my in-laws I had a survey completed on a property in Wimborne before appointing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some banks tend not give a loan on this type of home.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. If you contact us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wimborne. Conveyancing may be slightly more expensive based on your lender's requirements.
We are 3 weeks into a freehold purchase having been recommend to conveyancers by the estate agent to carry out the conveyancing in Wimborne. I am am starting to be disappointed with the quality of service. Can you you assist me in finding new conveyancers?
They would have to be very bad in order to consider changing them. Has your mortgage been sent? In the event that it has you need to make them aware of the new solicitor and have the offer are issued to the new lawyers. The conveyancer needs to be on the lenders approved list to avoid escalating costs and delays. So that should be your starting point. Our search tool will assist you in finding a bank approved conveyancer for your conveyancing in Wimborne
My 20yr old son is just in the process of moving house, he had his mortgage in principle. When the offer was accepted on apartment we contacted the bank to progress the mortgage application. I was shocked to learn that mortgage companies do not accept all conveyancing practitioner, they must be on their panel, is this correct?
Banks normally imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Wimborne solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.