I am selling my flat in Harrow Weald and the EA has just text me to warn that the purchasers are changing their solicitor. The excuse is that the lender will only deal with solicitors on their conveyancing panel. Why would a big named lender only work with specific solicitors rather the firm that they want to choose for their conveyancing in Harrow Weald ?
UK lenders have always had an approved set of law firms that can act for them, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
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 monitor. Banks tend not to disclose 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. Your purchasers are not going to have any impact on this.
I have given 8 weeks notice to my current landlord and have to be out of my rented property in Harrow Weald by 17/11/2026. Conveyancing for my house purchase is progressing. Can I complete in 5 weeks as don't want to have to move into short term accommodation?
Generally one should not provide notice on a rental until you have exchanged. If you have not already done so, notify to your solicitor and ask them to they seek the assistance the owners side, try to get a realistic time scale from them that all parties will aim to achieve
We see that you have a post code search directory identifying firms on the Yorkshire BS conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Harrow Weald?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Harrow Weald.
We're in Harrow Weald, First time buyers buying with a mortgage (lender is Leeds Building Society , and our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial estate in Harrow Weald?
Many commercial conveyancing solicitors in Harrow Weald will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Harrow Weald. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Harrow Weald.
For every commercial conveyancing transaction in Harrow Weald it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Harrow Weald commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Harrow Weald.
I'm purchasing my first flat in Harrow Weald with a loan from Accord Mortgages Ltd. The builders would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The property agent advised me not to tell my solicitor about this side-deal as it would adversely affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.