I am nearing exchange of contracts for my flat in Hayling Island and the estate agent has just e-mailed to advise that the purchasers are swapping property lawyer. The excuse is that the bank will only work with property lawyers on their conveyancing panel. Why would a major lender only engage with certain lawyers rather the firm that they want to appoint for their conveyancing in Hayling Island ?
Lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Lenders blame a rise in fraud as the reason for the cull – criteria have been stiffened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some 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.
Do all mortgage companies provide you with an approved list of Hayling Island conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Hayling Island conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Hayling Island for a purchase of a freehold house 9 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest method to see if the property is in your name, 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 Hayling Island conveyancing specialists.
How does conveyancing in Hayling Island differ for newly converted properties?
Most buyers of new build property in Hayling Island come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Hayling Island typically acquire the land, 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 conveyancers 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 Hayling Island or who has acted in the same development.
Given that I will soon spend hundreds of thousands of pounds on 3 bedroom house in Hayling Island I would like to talk to a conveyancer regarding thetransaction before appointing the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be doing your property ownership legalities in Hayling Island.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in Hayling Island should be the figure that you are charged.
I need to retain a conveyancing solicitor for leasehold conveyancing in Hayling Island. I have stumble upon a web site which seems to have the ideal answer If there is a chance to get all this stuff done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?