I am five weeks into the sale of my house in Holbeach and the EA has just called to warn that the buyers are switching property lawyer. The excuse is that the lender will only deal with solicitors on their conveyancing panel. Why would a major lender only work with specific solicitors rather the firm that they want to select for their conveyancing in Holbeach ?
Lenders have always had panels of law firms they are content to work with, but in recent years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 25 years.
Banks attribute this action to a rise in fraud as the reason for the cull – criteria have been stiffened as a smaller panel is easier to monitor. No lender will say 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 buyers are unlikely to have any impact on this.
Do the conveyancing lawyers listed on your site handle right to buy conveyancing in Holbeach?
We work with a number of conveyancing conveyancers carrying out right to buy transactions Do contact us with a view to obtain a conveyancing quote.
What is the optimum way to investigate if the solicitor carrying out my conveyancing in Holbeach is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus paying £187.00 plus VAT in another set of conveyancing invoice.
Please do take advantage of the find a lender approved solicitor tool on this site. Pick the lender and type ‘Holbeach’ or your location and you will discover numerous solicitors located in Holbeach or near you.
I have been told that property searches are the primary reason for delay in Holbeach conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of holding up conveyancing in Holbeach.
Is it simple use your search tool to find a conveyancing solicitor in Holbeach on the authorised to act for my lender?
1st select a mortgage company such as Yorkshire Building Society, The Mortgage Works or Britannia then type in your location e.g. Holbeach. Conveyancing firms in Holbeach and nationally should be identified.
I am purchasing a ground floor maisonette in Holbeach. Conveyancing solicitor has been waiting for, from the owner, building insurance documents. This afternoon I was informed that the vendor must forward the insurance paperwork for the flat above as well. Why would my solicitor want to review the insurance for the flat above? Is it really necessary? We have been stalled for the last fortnight…
It is not impossible in leasehold conveyancing in Holbeach to discover Conveyancing in Holbeach in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the landlord insuring the entire property - which is clearly preferable. Do double check with your lawyer but it would seem that your conveyancer is looking to establish that the entire building is insured. Insuring a ground floor residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be reconstructed as a result of lack of insurance.