I can't travel far from Albrighton. Please explain the reason why all Albrighton property lawyers are not on all bank panels?
Before the recession most banks exhibited an approach to risk which differs from the current day. The financial regulator in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the lawyers on your panel. Consequently, mortgage companies have subsequently requiredmore information from law firms concerning their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Many firms have been removed from lender panels even though they had 100% healthy track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms found it impossible satisfy the criteria of volume of transactions the lenders required.
We were just about to sign contracts for a property in Albrighton. We encountered a snag. The mortgage offer with The Mortgage Works expires on 7/4/2026 but the vendors are suggesting a completion date of 9/4/2026. Can one extend the mortgage expiry date?
The person best placed to address this issue is your conveyancer who will hopefully calculate whether they should be discussing with the bank, owner’s lawyers, estate agents or possibly all three based on the circumstances your house move as of today.
I am buying a property and need a conveyancing solicitor in Albrighton who is on the Clydesdale solicitor. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Clydesdale in certain locations such as Albrighton. We dont recommend any particular firm.
How does conveyancing in Albrighton differ for newly converted properties?
Most buyers of new build premises in Albrighton contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because developers in Albrighton typically purchase 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 used to new build conveyancing in Albrighton or who has acted in the same development.
I opted to have a survey carried out on a house in Albrighton in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some lenders tend refuse to give a mortgage on such a property.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Albrighton. Conveyancing will be smoother if you use a solicitor in Albrighton especially if they are accustomed to such properties in Albrighton.
I need to instruct a conveyancing solicitor in Albrighton for my purchase. Is it possible to check a firm’s record with the legal regulator?
Members of the public may review presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.