I can't travel far from Billingshurst. Can you please spell out why all Billingshurst lawyers aren't included on all mortgage company panels?
Banks ordinarily restrict either the nature or the number of conveyancing solicitors on their panel. Typical examples of such criteria being that the practice must have at least two partners. In addition to restricting the type of firm, some banks for example HSBC made a decision to limit the size of their panel they permit to act for them. It is worth noting that building societies have no responsibility for the quality of conveyancing provided by any Billingshurst conveyancer on their approved list. Increases in mortgage fraud was a key driver in the rationalisation of solicitor panels from 2008 even though there are differing assessments about whether solicitors sat at the center of that fraud. Statistics via HM Land Registry indicates that thousands of conveyancing practices only conduct less than three conveyances a year. Those advocating conveyancing panel cuts ask why law firms should have the right to be on a bank panel when clearly property law is not their speciality?
I had intended to instruct a property lawyer in Billingshurst for our house purchase. Our financial adviser informed us that our mortgage lenders Nationwide Building Society won't deal with them. Surely this is unfair competition?
Before the recession most mortgage companies had a different appetite for risk. Almost all Billingshurst conveyancing firms would have been on many bank panels. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms regarding their operations and the individuals who work for them as well as establishing certain criteria such a completing on a minimum number of conveyancing. Many Billingshurst conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Billingshurst is one of the thousands of areas where the solicitors we recommend are members of the panel for Nationwide Building Society.
Various web forums that I have visited warn that are the primary cause of stalling in Billingshurst conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Billingshurst.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Billingshurst is where the house is located. Can you offer any assistance?
Flying freeholds in Billingshurst are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Billingshurst you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Billingshurst may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in Billingshurst cover?
Billingshurst conveyancing for business premises incorporates a wide range of advice, provided by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am looking for a conveyancing lawyer in Billingshurst for my house move. Is there any facility to see a solicitor's complaints history with the profession’s regulator?
You may find published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The regulator may monitor call for training reasons.