I am in the process of selling my house in Wootton and the EA has just telephoned to warn that the buyers are swapping conveyancer. The excuse is that the bank will only work with property lawyers on their approved list. Why would a major mortgage company only engage with specific lawyers rather the firm that they want to select to handle their conveyancing in Wootton ?

Mortgage companies have always had panels of law firms that can act for them, but in the past few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.

Mortgage companies point to the increase in fraud by way of justification for the reduction – criteria have been stiffened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms 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 buyers are unlikely to have any impact on this.

We are planning to buy with Earl Shilton BS. We have called around locally but am struggling to find a Wootton conveyancing firm on the Earl Shilton BS approved list. Could you help?

You should take advantage of the search tool on this page. Please choose the lender and type Wootton or your preferred area and you will be presented with numerous solicitors located in Wootton or by proximity to you.

I require fast conveyancing in Wootton as I have an ultimatum to exchange contracts within 3 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?

As you are are a cash buyer you are at liberty not to do searches although no conveyancer would advise that you don't. With plenty of history conveyancing in Wootton the following are instances of issues that can show up and adversely impact future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...

How does conveyancing in Wootton differ for new build properties?

Most buyers of new build premises in Wootton come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because builders in Wootton tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Wootton or who has acted in the same development.

In surfing the internet for the term cheap conveyancing in Wootton it shows results of numerous conveyancersin the area. With so much choice what is the best way to find the suitable solicitor for my move?

The preferential method of finding a suitable conveyancer is via personal recommendation, so ask colleagues and those you trust who have acquired a property in Wootton or the respected estate agent or mortgage broker. Fees for conveyancing in Wootton differ, so it's advisable to request at least three costs illustrations from different law firms. Dont forget to clarify that the charges are guaranteed not to escalate.