I am progressing with the sale of my house in Hockley Heath and the EA has just telephoned to warn that the buyers are switching solicitor. The excuse is that the bank will only deal with property lawyers on their approved list. Why would a big named mortgage company only work with specific solicitors rather the firm that they want to choose for their conveyancing in Hockley Heath ?
Mortgage companies have always had an approved set 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 represented them for more than 15 years.
Mortgage companies point to the increase in fraud by way of justification for the reduction – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms 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. The purchasers are not going to have any impact on this.
I have an AIP. The lender mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to instruct a Hockley Heath based conveyancing firm?
You should check but the chances are that give you one of their panel conveyancers should you accept the "fee-free" deal. Speak to the lender and explore if they allow a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor in Hockley Heath.
We are purchasing a property in Hockley Heath. It might be a silly question but how we can trust a conveyancer? At some point we will need to send our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is your number one tip for choosing a conveyancing solicitor in Hockley Heath
Do not opt for the cheapest Hockley Heath conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Can you point me to a directory of Coventry BS panel solicitors in Hockley Heath on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings open the public over the internet. If you are in need of a Hockley Heath lawyer on the Coventry BS please make the most of our tool.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Hockley Heath is the location of the property. Can you offer any assistance?
Flying freeholds in Hockley Heath are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hockley Heath you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hockley Heath may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My company is hoping to take over a lease of an office on the high street. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Hockley Heath for less than £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Hockley Heath, including the sale and purchase of businesses as well as simply property. If you are looking to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. Regarding the fees this will depend on the structure and complexity of the proposed transaction. Let us have your details or phone so as to enable us to supply you with a fixed commercial conveyancing quote.
I need to instruct a conveyancing lawyer in Hockley Heath for my sale. Can I see a firm’s record with the profession’s regulator?
One can see documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.