I am not well enough to travel far from Bridport. What is the rationale as to why all Bridport conveyancing practitioners are not on all lender panels?
As inequitable as it may seem for banks to limit who can act for them, from the public’s or lawyer’s point of view, the other side of the coin is that mortgage companies are becoming ever more anxious and feel it vital to protect them from mortgage fraud. As a result of this concern lenders have consolidated their panel of approved conveyancing lawyers to a manageable size.
I used Stirling Law several years past for my conveyancing in Bridport. I now require my file but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bridport of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing my first flat in Bridport benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my solicitor about the side-deal as it will put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to identify a Bridport law firm on the Yorkshire Building Society conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the conveyancer.
Feel free to make use of the tool on this page. Please pick a mortgage company and your location and you will see a number of Bridport conveyancing lawyers based on proximity. We have detailed some Bridport conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Yorkshire Building Society member panel
Should I instruct a Bridport conveyancing practitioner who is local to the property I am purchasing? I have an old university friend who can perform the legal work however his firm is located 300miles away.
The primary upside of using a high street Bridport conveyancing firm is that you can visit the firm to execute paperwork, hand in your identification documents and apply pressure on them if necessary. Having local Bridport know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that must surpass using an unfamiliar Bridport conveyancing solicitor just because they are local.
My lawyers in Bridport have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the mortgage company Conveyancing Panel Terms. It might be worth you contacting the bank directly.