I am five weeks into the sale of my house in Fairford and the EA has just telephoned to say that the purchasers are appointing a new law firm. I am told that this is due to the fact that the bank will only work with solicitors on their conveyancing panel. Why would a major lender only engage with specific lawyers rather the firm that they want to appoint for their conveyancing in Fairford ?
Banks have always had panels of law firms that can represent them, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Mortgage companies blame a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to maintain. 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 sway in the decision.
Can your site be used to locate a Conveyancing solicitor in Fairford even where I’m not buying or disposing of a house, for example if I intend to acquire a shop in Fairford with a mortgage from Norwich and Peterborough Building Society?
Our comparison service is predominantly there to find residential conveyancing solicitors in Fairford but we have recorded at the end of this page some Fairford commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they are also authorised to represent Norwich and Peterborough Building Society
I have been told that property searches are the primary cause of obstruction in Fairford house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Fairford.
I decided to have a survey done on a house in Fairford prior to instructing solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some banks may refuse to grant a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Fairford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fairford to see if the conveyancing costs will increase in light of this.
How can the Landlord & Tenant Act 1954 impact my commercial property in Fairford and how can you help?
The particular law that you refer to gives protection to business tenants, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Fairford is one of the hundreds of areas of the UK in which the firms we work with are located
I am planning to acquire a property and need a conveyancing solicitor in Fairford who is on the lender 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 listed as being on the approved conveyancing panel for the lender who conduct conveyancing in Fairford. We dont recommend any particular conveyancing practice.