I am selling my house in Carmel and the EA has just called to say that the buyers are switching solicitor. The excuse is that the lender will only engage with solicitors on their conveyancing panel. Why would a leading lender only deal with specific law firms rather the firm that they want to choose for their conveyancing in Carmel ?
Lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Mortgage companies point to the increase in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms 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 impact on this.
We see that you have a search directory listing solicitors on the Nottingham conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Carmel?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Carmel.
I require quick conveyancing in Carmel as I have a deadline to sign on the dotted line in less than 4 weeks. Fortunately I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Carmel the following are examples of what can arise and adversely impact market value: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...
How does conveyancing in Carmel differ for newly converted properties?
Most buyers of new build premises in Carmel contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Carmel tend to purchase the site, 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 conveyancers 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 accustomed to new build conveyancing in Carmel or who has acted in the same development.
How easy is it to swap solicitor as I need to select a firm on the Barclays Direct conveyancing list. I hired a family conveyancing solicitor in Carmel five minutes from me but he is not approved by Barclays Direct
We will our best to assist in finding you a conveyancing solicitor in Carmel on the Barclays Direct panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Carmel. In making use of search facility on this page, you can contrast costs for conveyancing solicitors in Carmel and throughout England and Wales.
I need to instruct a conveyancing solicitor in Carmel for my house move. Is it possible to see a firm’s complaints history with the legal regulator?
You can review published Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes monitor call for training purposes.