Am I correct in assuming that the fact that my solicitor in Brandon is not on my mortgage company's conveyancing panel that there is a problem with the standard of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack 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. Should you be concerned you should simply call the Brandon conveyancing firm and enquire why they are no longer on the approved list for your bank.
The property market in Brandon is heating up. What can I do to speed up matters?
First, If the seller is applying time constraints to complete it is highly recommended that your solicitor is familiar with the location as they will benefit local contacts and know-how. It is possible that they would have handled previoushouses in the same street. Therefore consider using a Brandon conveyancing firm. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is believed that nearly one in five of Brandon conveyancing transactions are suspended or derailed after finding out that a purchaser’s solicitor was not on their banks panel. In many cases this discovery resulted in the home move being held up by almost three weeks. It is said that this issue affects approximately one hundred thousand home moves every year. Almost all Brandon conveyancing firms can not act for certain mortgage companies so do check at the outset.
Do the Building Society Association intend to launch a search tool with a view to to identify firms on the Norwich and Peterborough Building Society conveyancing panel for example in Brandon?
Lexsure has not been advised of any plans on the part of the BSA to develop such a register.
Are there restrictive covenants that are commonly identified as part of conveyancing in Brandon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Brandon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the encouragement of my in-laws I had a survey completed on a house in Brandon before instructing solicitors. I have been told that there is a flying freehold element to the property. The surveyor has said that some lenders tend not give a mortgage on such a home.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Brandon. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother has recommend that I instruct his conveyancing solicitors in Brandon. Do I follow his recommendation?
No doubt the ideal way to find a conveyancing lawyer is to get referrals from friends or family who have actually previously instructed the firm that you are contemplating using.