I am selling my maisonette in Burroughs, The and the estate agent has just e-mailed to warn that the purchasers are switching solicitor. The excuse is that the lender will only engage with solicitors on their conveyancing panel. Why would a major mortgage company only work with certain law firms rather the firm that they want to choose for their conveyancing in Burroughs, The ?
Banks have always had an approved set of law firms they are content to work with, but in recent years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.
Lenders justify this action to a rise in fraud as the reason for the pruning – 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. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are unlikely to have any sway in the decision.
We see that you have a search directory listing solicitors on the TSB conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Burroughs, The?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Burroughs, The.
We just had an offer accepted to buy with Melton Mowbray Building Society. We have called around locally but am unable to find a Burroughs, The conveyancing firm on the Melton Mowbray Building Society approved list. Can you help?
Feel free to make use of the search tool on this page. Please choose the lender and type Burroughs, The or your location and you will be presented with numerous conveyancers located in Burroughs, The or near you.
I used Action Conveyancing a few years ago for my conveyancing in Burroughs, The. I now require my file but the law firm is no longer operating. What do I do?
Do 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 Burroughs, The 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'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 simple, no chain conveyancing. Burroughs, The is the location of the property. Can you offer any guidance?
Flying freeholds in Burroughs, The are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burroughs, The you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burroughs, The may ascertain 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.
How can the Landlord & Tenant Act 1954 impact my business premises in Burroughs, The and how can you help?
The 1954 Act affords protection to commercial tenants, granting the legal entitlement to apply to court for a renewal lease and remain in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Burroughs, The is one of the numerous locations in which the firms we work with are based