We wanted to use a conveyancing solicitor in Harbury for our house purchase. Our broker informed us that our mortgage lenders Birmingham Midshires won't deal with them. Surely this is unduly restrictive?
Before the recession most banks had an appetite for risk which was higher than today. Almost all Harbury conveyancing firms would have been on most mortgage company panels. The FSA in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms relating to their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum amount of transactions. Many Harbury conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Harbury is one of the thousands of areas where the solicitors we list are are authorised to act for Birmingham Midshires.
Various web forums that I have frequented warn that are the primary reason for obstruction in Harbury conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Harbury.
I have justdiscovered that Stirling Law have closed. They carried out my conveyancing in Harbury for a purchase of a freehold house 9 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to check if the premises is registered to you, you can carry out 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 Harbury conveyancing specialists.
I decided to have a survey done on a property in Harbury in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies tend not give a loan on a flying freehold home.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you e-mail us we can investigate 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 Harbury. Conveyancing may be slightly more expensive based on your lender's requirements.
I am one month into a residential purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Harbury. We are not happy. Can you help me find new lawyers?
A conveyancer would have to be really poor in order to consider replacing them. Has your mortgage been issued? If so you must inform them of the new lawyer and have the loan are issued to the new lawyers. The solicitor ideally should be on the lenders approved list to avoid supplemental charges and delays. So that should be your starting point. Our search tool can help you find a lender approved solicitor for your conveyancing in Harbury
What is the reason for my conveyancer requiring numerous items of identification ahead of starting selling or buying a property in Harbury?
Harbury conveyancing practitioners are duty bound by the Law Society, Solicitors Regulation Authority, the Land Registry and current AML Regulations to record that the have verified the identity of their clients. It will also be a requirement of your bank if you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, NI number and DOB.