I am one month into the sale of my apartment in Worcester Park and the EA has just text me to advise that the purchasers are appointing a new solicitor. The reason given is that the lender will only deal with solicitors on their approved list. Why would a big named mortgage company only engage with specific lawyers rather the firm that they want to select to handle their conveyancing in Worcester Park ?
UK lenders have always had panels of law firms they are content to work with, but in the past few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for over 25 years.
Mortgage companies blame a rise in fraud by way of justification for the reduction – criteria have been stiffened as a smaller panel is easier to maintain. Banks tend not to reveal 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 purchasers are unlikely to have any impact on this.
I need some fast conveyancing in Worcester Park as I am under an ultimatum to complete in less than one month. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you are at free not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Worcester Park the following are examples of what can show up and therefore impact the marketability of the property: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
How does conveyancing in Worcester Park differ for newly converted properties?
Most buyers of new build premises in Worcester Park come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Worcester Park usually acquire the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Worcester Park or who has acted in the same development.
How do I search for a Worcester Park law firm on the Virgin Money conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this page. Please choose the lender and your location and you will see a number of Worcester Park conveyancing lawyers locally. We have listed some Worcester Park conveyancing firms at the bottom of this page and you can contact them to verify whether they are on the Virgin Money approved list
I am using a search engine for the words cheap conveyancing in Worcester Park it reveals numerous property lawyersin the vicinity. With so much choice what is the best way to find the right solicitor for the sale of my house?
The preferential way of finding a suitable conveyancer is via trusted testimonial, so seek the counsel of colleagues and family who have acquired a property in Worcester Park or a respected estate agent or mortgage broker. Costs for conveyancing in Worcester Park differ, so it's a good idea to obtain a minimum of three fee estimates from varying types of companies. Dont forget to clarify what costs in the quote includes.