I am nearing exchange of contracts for my house in Fairfield and the estate agent has just text me to say that the buyers are switching solicitor. The reason given is that the bank will only engage with solicitors on their approved list. Why would a big named mortgage company only deal with certain lawyers rather the firm that they want to select to handle their conveyancing in Fairfield ?
Banks have always had panels of law firms they are content 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 many years.
Banks point to the increase in fraud as the reason for the cull – criteria have been narrowed as a smaller panel is easier to maintain. Banks tend not to disclose 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 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. The purchasers are not going to have any sway in the decision.
Can your site be used to find a Conveyancing solicitor in Fairfield even where I’m not purchasing or disposing of a house, for instance if I intend to acquire an office in Fairfield with a mortgage from Clydesdale?
Our comparison service is primarily utilised to help choose residential conveyancing solicitors in Fairfield but we have recorded at the end of this page a selection of Fairfield commercial conveyancing firms. You will need to make contact with the firm directly to establish if they can also act for Clydesdale
The Fairfield conveyancing firm that I recently instructed on my purchase in Fairfield have suddenly shut down. I chose them because I had to have a firm on the Kent Reliance conveyancing panel and my family Fairfield lawyer was not. I issued them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The conveyancers who did the conveyancing in Fairfield 4 years ago have long since closed. Will I be able to sell the house?
Gone are the days when you need to have the physical original deeds to prove you own the land or property, as the Land Registry hold details of all registered land or property electronically.
Is it best to use a Fairfield conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can deal with the legal work however his firm is located over three hundred miles drive away.
The benefit of a high street Fairfield conveyancing firm is that you can drop in to sign documents, present your identification documents and apply pressure on them if necessary. They will also have local intelligence which is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and the majority were impressed that must trump using an unfamiliar Fairfield conveyancing lawyer just because they are Fairfield based.
I note that you have a search directory listing firms on the lender conveyancing panel. Do Fairfield conveyancing companies pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Fairfield.