Unfortunately I am unable to travel far from Bestwood. I would like to know the logic why all Bestwood solicitors aren't automatically on all bank panels?
Pre- 2008 most mortgage companies had an attitude to risk which is different than today. The financial regulator in 2010 instigated a thematic review into property fraud which concluded: know the property lawyers on your panel. Consequently, banks have since looked to extract more data from law firms concerning their processes and the staff employed by them and set certain criteria such as completing a minimum amount of transactions. Many law practices have been excluded from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the criteria of amount of transactions the lenders required.
Me and my partner are soon to exchange on the purchase of a house in Bestwood but as a consequence of damage from the recent storms I have managed to agree compensation from the current proprietors in the sum of £3k in the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process but RBS are not allowing this. Why were they involved?
Your conveyancing practitioner that is on the RBS approved list is required to advise RBS of any variations to the purchase price. If you were to refuse your conveyancer to notify the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancing practitioner for your conveyancing in Bestwood.
About to place a bid on a leasehold apartment in Bestwood. The estate agents tell me that it is standard for flats in Bestwood to have less than 75 years unexpired on the lease. I am obtaining a loan with Virgin. Will the property be mortgageable given that the lease has 69 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/12/2025 the requirements read as follows :
I have been told that property searches are a common cause of delay in Bestwood house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Bestwood.
I need to find a conveyancing solicitor for purchase conveyancing in Bestwood. I've discover a web site which looks to be the ideal answer If there is a chance to get all the legals completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Is it necessary during the course of the conveyancing process to visit the offices of the bank conveyancing panel solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bestwood so that I can attend their offices if necessary.
Most conveyancing panel lawyers for the mortgage company undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Bestwood. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.