I am selling my maisonette in Burford and the EA has just e-mailed to warn that the purchasers are switching property lawyer. I am told that this is due to the fact that the lender will only work with solicitors on their conveyancing panel. Why would a leading mortgage company only deal with specific lawyers rather the firm that they want to select to handle their conveyancing in Burford ?
Lenders have always had an approved set of law firms that can act for them, but in the last few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Lending institutions point to the increase in fraud as the reason for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.
I used Stirling Law several years past for my conveyancing in Burford. Now, I need the files but the law firm has closed. What do I do?
You should call 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 Burford of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Burford benefiting from help to buy. The developers refused to reduce the price so I negotiated 6k of additionals instead. The sale representative told me not to tell my lawyer about this side-deal as it will affect my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a straight forward, chain free conveyancing. Burford is the location of the property. Can you offer any assistance?
Flying freeholds in Burford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burford you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burford 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 residence.
I am looking to sell my home. My past conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Burford if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Burford. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am using a search engine for the phrase cheap conveyancing in Burford it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for my move?
The preferential way of finding the right conveyancer is through a personal referral, so enquire of friends and relatives who have purchased a property in Burford or the local estate agent or mortgage broker. Fees for conveyancing in Burford vary, so it's sensible to request a minimum of three fee calculations from varying types of conveyancers. Make sure that you clarify that the fees are fixed.