I am not in a position to travel far from Heacham. Can you please clarify why all Heacham conveyancers are not on all lender panels?
A decade ago most mortgage companies demonstrated an attitude to risk which differs from the current day. The FSA in 2010 instigated a thematic review into property fraud which in summary warned lenders: know the solicitors on your panel. Consequently, banks have since requiredmore data from law firms regarding their operations and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Thousands of law practices have been excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the minimum volume of transactions the lenders required.
Can I use your services to find a Conveyancing solicitor in Heacham even where I’m not buying or disposing of a house, for instance if I intend to buy a shop in Heacham with a loan from Virgin Money?
The service is predominantly used to select residential conveyancing solicitors in Heacham but we have recorded at the bottom of this page a few Heacham commercial conveyancing firms. You will need to make contact with the firm directly to establish if they can also act for Virgin Money
Is it necessary to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a property in Heacham?
Unless a previous purchase of the premises took place post 12 October 2013 you may assume that lawyers handling conveyancing in Heacham to remain recommending a chancel search and or insurance against a claim.
I opted to have a survey done on a property in Heacham ahead of retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to give a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. If you e-mail us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Heacham. Conveyancing will be smoother if you use a solicitor in Heacham especially if they are familiar with such properties in Heacham.
I have been recommended by numerous property agents in Heacham to select a solicitor on your site. Is there a financial advantage for Estate Agents to market your lawyers over alternative conveyancing organisations?
We refuse to offer any commission for sending work our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
We are considering choosing an online solicitor rather than a Heacham conveyancing practice. Should I ‘stay local’?
Various benefits exist in having the option pop in to a local Heacham conveyancing solicitor for example
- signing papers and and when necessary
- often being able to speak to someone face-to-face can make a significant difference, particularly for more complex conveyancing
- the ability to raise concerns if things are not going as expected
When checking estimates, look out for hidden extras. The majority decent Heacham high street solicitors give an all-inclusive figure. Often online companies seem to offer cheap prices, yet have hidden 'extras' in the fine print.