I am six weeks into the sale of my home in Dore and the EA has just called to warn that the buyers are switching conveyancer. The reason given is that the bank will only deal with solicitors on their conveyancing panel. Why would a big named mortgage company only engage with certain solicitors rather the firm that they want to choose for their conveyancing in Dore ?
UK lenders have always had panels of law firms that can act for them, but in the past few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 25 years.
Mortgage companies blame a rise in fraud as the reason for the reduction – criteria have been tightened as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms 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 purchasers are not going to have any sway in the decision.
We are planning to acquire a house and require a conveyancing solicitor in Dore who is on the Coventry BS solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Dore.
What does a local search inform me about the house my wife and I buying in Dore?
Dore conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Dore conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I decided to have a survey completed on a house in Dore before retaining solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will refuse to grant a mortgage on such a home.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dore. Conveyancing may be slightly more expensive based on your lender's requirements.
Given that I am about to part with hundreds of thousands of pounds on a terraced house in Dore I wish to have a conversation with the lawyer concerning thehouse move in advance of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be doing your conveyancing in Dore.There is no ‘factory style conveyancing’ - each client is an important individual, not a file reference. The practices that we put you in touch with believe that the fees you are quoted for your conveyancing in Dore should be the amount on the final invoice that you end up paying.
We are one month into a residential purchase having been directed to solicitors by the estate agent to handle our conveyancing in Dore. We are not happy. Could you help me find new solicitors?
A conveyancer would have to be very bad to suggest replacing them. Has the mortgage been generated? In the event that it has you need to inform them of the new contact details and get the loan are issued to the new lawyers. Your new solicitor ideally needs to be on the lenders panel to avoid added charges and delays. So that should be your starting point. The search tool should assist you in finding a lender approved solicitor for your conveyancing in Dore