I am selling my ground floor flat in Edingale and the estate agent has just called to advise that the purchasers are swapping property lawyer. The reason given is that the lender will only work with solicitors on their conveyancing panel. On what basis would a big named mortgage company only engage with certain lawyers rather the firm that they want to appoint for their conveyancing in Edingale ?
Banks have always had panels of law firms that can represent them, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for decades.
Mortgage companies point to the increase in fraud as the reason for the cull – criteria have been tightened 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. 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 were just about to exchange contracts for a leasehold flat in Edingale. We have hit a stumbling block. The loan offer with Barnsley Building Society expires on 8/6/2026 but the sellers are putting forward a completion date of 10/6/2026. Is it possible to extend the loan expiry date?
The person best placed to deal with your issue is your solicitors who should determine if he or she is should be discussing with the bank, seller’s solicitors, estate agents or possibly all three taking into account the history of your transaction to date.
Completed the sale of my flat in Edingale last August but the buyer keeps telephoning every few hours to say their solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
After completion of your disposal your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. If applicable, your solicitor must also send confirmation that the home loan has been redeemed to the buyers conveyancers. There is unlikely to be post completion steps just for conveyancing in Edingale.
I have justbeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Edingale for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is in my name in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Edingale conveyancing specialists.
How does conveyancing in Edingale differ for newly converted properties?
Most buyers of new build residence in Edingale approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Edingale typically buy the real estate, 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 property lawyers 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 used to new build conveyancing in Edingale or who has acted in the same development.
My uncle has urged me to appoint his conveyancers in Edingale. Do I follow his recommendation?
Much as we are happy to recommend a Edingale conveyancing lawyer the ideal way to select a conveyancing lawyer is to have feedback from friends or family who have actually previously instructed the conveyancer that you are are thinking of instructing.