Is the fact that my solicitor in Blackfriars is not identified on my mortgage company's conveyancing panel that there is a problem with the quality of her work?
That would most likely be an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Blackfriars conveyancing firm and enquire why they are no longer on the approved list for your lender.
The Blackfriars conveyancing firm handling our Blackfriars conveyancing has spotted an inconsistency between the surveyor’s assumptions in the home valuation report and what is in the title deeds. My lawyer says that he is duty bound to check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach correct?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I had intended to instruct a conveyancing solicitor in Blackfriars for our home move. Our broker has since advised us that our bank TSB won't deal with them. Why is this not regarded as unfair competition?
A mortgage company may require an approved conveyancer act for it. You would be liable to bear the charges for this. Do use our directory service to choose a solicitor to conduct conveyancing in Blackfriars on the TSB approved list of solicitors.
How does conveyancing in Blackfriars differ for new build properties?
Most buyers of new build property in Blackfriars contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because builders in Blackfriars tend to 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 conveyancing solicitors 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 Blackfriars or who has acted in the same development.
I have been advised by numerous selling agents in Blackfriars to get a quote from a solicitor using your seach tool. Is there a financial upside for Estate Agents to offer your lawyers rather than another?
We refuse to give any financial incentive for directing people our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My a dozen years ago. He has since got wed, widowed and is now remarried. He now wishes to dispose of the Blackfriars property. I believe he will simply be need to supply copies of the marriage certificates to the conveyancing practitioner but he is concerned it could delay the conveyancing. Is it worth updating the land title information for the property?
It is not absolutely necessary to bring up to date the title for the property providing you have the evidence required to demonstrate how the name change resulted.
Any buyer’s property lawyer will review the title information and ask for evidence to establish the name change for instance marriage certificates.