I am one month into the sale of my maisonette in Hither Green and the EA has just e-mailed to warn that the purchasers are switching law firm. I am told that this is due to the fact that the mortgage company will only deal with solicitors on their approved list. On what basis would a leading mortgage company only work with specific lawyers rather the firm that they want to choose to handle their conveyancing in Hither Green ?
Lenders 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 worked with them for many years.
Banks point to the increase in fraud by way of justification for the reduction – criteria have been stiffened as a smaller panel is easier to oversee. 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 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 unlikely to have any sway in the decision.
IfI were to acquire a simple residential propertyin Hither Green for cash and have no survey and no conveyancing searches how much would I expect to to save on my conveyancing in Hither Green?
The sole reduction in fees you would make on is the Hither Green conveyancing searches. The conveyancer still got to do everything else - money laundering, communicating with the sellers solicitor, stamp duty submission, register the property etc. You might save a bit for them not needing to register a mortgage but it won't be a lot.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Hither Green?
There are many recorded licenced Conveyancers in Hither Green and Solicitor firms in Hither Green to choose from It is important to make clear that both are regulated professionals specialising in the legal work in transferring property. The two can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
We had selected conveyancing lawyers located in Hither Green on the Kent Reliance solicitor approved list. They are now charging me an additional sum for handling the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your lawyer is entitled to charge a fee for this. The fee is not dictated by Kent Reliance but by your Hither Green property lawyer. Numerous firms on the Kent Reliance panel will charge an ‘acting for lender’ fee but some firms include it on their overall fee.
We are getting a further advance on our home loan from Leeds Building Society as we intend to carry out alterations to our home in Hither Green. Are we obliged to select a bricks and mortar Hither Green solicitor on the Leeds Building Society conveyancing panel to handle the paperwork?
Leeds Building Society don't usually appoint firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society panel.
My colleague advised me that where I am buying in Hither Green I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Hither Green conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Hither Green around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Hither Green Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Hither Green Education with plans and statistics, Local Amenities and other useful information regarding Hither Green.
Is it simple use your search tool to get a fee calculation from a conveyancing practitioner in Hither Green on the approved list for my mortgage?
Step one is to choose a bank such as Santander, Virgin Money or Clydesdale then specify your location for example Hither Green. Conveyancing firms in Hither Green and across England and Wales will then be identified.
My brother is purchasing a garden flat in Hither Green. He has received an estimate by the lawyer connected to the estate agents totaling £1245 . It was 7 years ago since I sold and purchased a home and the bill was £600. Have charges really increased to that extent?
You should e-mail two or three local Hither Green conveyancing solicitors seeking prices. You should base your selection not solely on cost, but on promptness and on how comprehensive the reply was.