I am nearing exchange of contracts for my house in Ashton under Lyne and the EA has just text me to warn that the buyers are changing their property lawyer. The reason given is that the lender will only engage with property lawyers on their approved list. Why would a major lender only engage with certain lawyers rather the firm that they want to appoint for their conveyancing in Ashton under Lyne ?
Lenders have always had panels of law firms that can act for them, 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 more than 15 years.
Lending institutions blame a rise in fraud as the reason for the pruning – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say 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. The buyers are unlikely to have any impact on this.
Would the conveyancing solicitors indexed on your site handle right to buy conveyancing in Ashton under Lyne?
We do have a number of conveyancing firms carrying out right to buy conveyancing matters Please e-mail us with a view to get a costs calculation.
I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to use a Ashton under Lyne based conveyancing firm?
Do check but the the probability is that appoint one of their panel lawyers should you accept the "fee-free" offer. Contact the mortgage company and see if they make available a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Ashton under Lyne.
The deeds to my property can not be found. The conveyancers who handled the conveyancing in Ashton under Lyne 4 years ago are no longer around. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer should know exactly where to find all the suitable paperwork so you may purchase or sell your property without a hitch. If duplicates are not available, your solicitor may be able to put in place insurance or indemnities against future claims on the property.
I am buying my first flat in Ashton under Lyne with the aid of help to buy. The builders would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about the side-deal as it would adversely affect my loan with Aldermore. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my grandfather I am selling a house in Swansea but reside in Ashton under Lyne. My solicitor (who is 235 kilometers awayhas requested that I sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing solicitor in Ashton under Lyne to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are based in Ashton under Lyne