I am nearing exchange of contracts for my apartment in Dulwich and the EA has just text me to warn that the purchasers are changing their solicitor. I am told that this is due to the fact that the lender will only deal with solicitors on their approved list. Why would a big named mortgage company only work with certain lawyers rather the firm that they want to select for their conveyancing in Dulwich ?
UK 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 Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Banks point to the increase in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to oversee. 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 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 unlikely to have any impact on this.
My wife and I are about to exchange buying a house in Dulwich but as a consequence of wreckage from some water damage at the property I have was able negotiate recompense from the owner in the sum of six thousand pounds taking the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process yet HSBC are not allowing this. Should they have been approached?
Your property lawyer being on the HSBC conveyancing panel is required to inform HSBC of any variations to the purchase price. If you were to refuse your solicitor to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancer for your conveyancing in Dulwich.
Can I use your services to recommend a Conveyancing solicitor in Dulwich even where I’m not buying or selling a house, for instance where I want to acquire an office in Dulwich with a mortgage from Barnsley Building Society?
Our search tool is predominantly utilised to help choose residential conveyancing solicitors in Dulwich but we have recorded towards the bottom of this page some Dulwich commercial conveyancing firms. You will need to make contact with the company directly to check if they can also act for Barnsley Building Society
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather use a specialised conveyancing solicitor in Dulwich?
You should check but the chances are that give you one of their panel conveyancers where you want the "fee-free" incentive. Speak to the bank to see if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Dulwich.
I decided to have a survey completed on a property in Dulwich in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not grant a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Dulwich. Conveyancing will be smoother if you use a solicitor in Dulwich especially if they regularly deal with such properties in Dulwich.
In searching the internet for the phrase on line conveyancing in Dulwich it reveals numerous property lawyersin the area. How do I determine which is the suitable conveyancer for me?
The ideal method of finding a suitable conveyancer is through a personal referral, so seek the opinion of colleagues and family who have bought a property in Dulwich or a respected estate agent or financial adviser. Fees for conveyancing in Dulwich vary, so it's sensible to secure at least three fee calculations from varying types of solicitors. Make sure that you clarify that the fees are fixed.