I can't travel far from Kegworth. Please explain the reason why all Kegworth lawyers are not on all lender panels?
Pre- 2008 most banks demonstrated an approach to risk which is different than today. The financial regulator in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the conveyancers on your panel. Accordingly, banks have since looked to extract more information from law firms concerning their operations and the individuals who work for them and set certain criteria such as completing a minimum number of transactions. Many law practices have found themselves removed from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the minimum volume of transactions the lenders set.
When does exchange of contracts occur in residential conveyancing in Kegworth and do I need to be at the solicitors branch?
If you are round the corner to one of the conveyancing solicitors in Kegworth you are invited in to sign the paperwork. However, the law practices we work with provide a countrywide conveyancing service and give as equally detailed and professional a job for you when dealing with you by post or email. The signing of the purchase agreement is not the critical part. A signed contract is just a prerequisite for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Kegworth)to be in the office available at the end of the phone to exchange contracts.
We wanted to use a conveyancing solicitor in Kegworth for our house move. Our financial adviser informed us that our mortgage company Alliance & Leicester won't deal with them. Surely this is unfair competition?
A lender can insist on a panel conveyancer act for it. You would be liable to bear the charges for this. Try using our directory service to find a solicitor to conduct conveyancing in Kegworth on the Alliance & Leicester member panel.
When it comes to lenders such as Nottingham, do Kegworth lawyers have to pay a fee to be on the list of approved solicitors?
We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
How can we know in advance if a Kegworth conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Kegworth getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor handling your transaction.
After weeks of negotiation I have agreed a price on a house in Kegworth. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £175. A couple of days later, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My company is planning to lease a unit on a shopping parade. Can you recommend solicitors offering fixed costs for non-domestic conveyancing in Kegworth for less than 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Kegworth, including the disposal and purchase of businesses as well as simply premises. If you are looking to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right firm. As for the fees this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or call us so that we may supply you with a detailed commercial conveyancing quote.
When it comes to my conveyancing in Kegworth should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Kegworth conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.