Unfortunately I am unable to travel far from Barlaston and Tittensor. Is there a reason why all Barlaston and Tittensor conveyancing practitioners aren't included on all bank panels?
Lenders point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This led to mortgage companies removing a number of firms from their official list of approved conveyancing practitioners .
The vendors of the house we are looking to purchase have instructed a conveyancing practitioner in Barlaston and Tittensor who has insisted on a preliminary contract with a down payment 10k. Are such contracts promoted for Barlaston and Tittensor conveyancing transactions?
There are a couple of primary drawbacks with entering into any lock out agreement (also termed an exclusivity agreement) is that it diverts attention away from moving forward with the conveyancing work, so unless it requires little or no negotiation then it may transpire to be a cause of frustration and delay. It is not promoted amongst Barlaston and Tittensor conveyancing solicitors for this reason. A supplemental concern is the extent of the remedies available - an aggrieved purchaser is not likely to be granted injunctive relief to bar the owner disposing of the property to an alternative purchaser, so the only remedy available under the agreement will be the reimbursement of abortive charges and, in restricted situations, the additional payment of damages.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Barlaston and Tittensor. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/1/2025, the requirements read as follows :
How does conveyancing in Barlaston and Tittensor differ for new build properties?
Most buyers of new build property in Barlaston and Tittensor approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because builders in Barlaston and Tittensor usually 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 property lawyers 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 Barlaston and Tittensor or who has acted in the same development.
I was advised by a number of selling agents in Barlaston and Tittensor to locate a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to offer your services ahead of alternative conveyancing organisations?
We refuse to give any commission for directing people to this site. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
My husband and I are novice buyers - had an offer accepted, yet the estate agent has warned us that the seller will only issue a contract if we appoint the agent's recommended conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Barlaston and Tittensor
We suspect that the owner is unaware of this request. Should the seller want ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Avoid the agents and go straight to the owners and make the point that (a)you are motivated buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you will continue to use your preferred Barlaston and Tittensor conveyancing lawyers - as opposed tothe ones that will earn the estate agent a commission or hit his conveyancing thresholds demanded by head office.