We note that you have a search directory listing solicitors on the Nationwide conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Kentish Town?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Kentish Town.
We wanted to use a property lawyer in Kentish Town for our house purchase. Our financial adviser has since advised us that our bank Bank of Scotland won't deal with them. Why is this not regarded as unfair competition?
Banks normally imposes restrictions either the category or the volume of conveyancing practices on their panel. A common example of such criteria being that a firm must not be a sole practitioner. As well as restricting the profile of firm, a few banks have limited the amount of solicitor practices they allow to act for them. Be aware that Bank of Scotland have no responsibility for the quality of advice provided by any member of Bank of Scotland Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels since 2008 even though there are differing views about the extent of solicitor engagement in some of that fraud. Data from the Land Registry indicate that thousands of law firms, including some in or near Kentish Town only carry out one or two conveyances per annum.
What is the difference between a licensed conveyancer and conveyancing solicitor in Kentish Town
There are many recorded licenced Conveyancers in Kentish Town and Solicitor firms in Kentish Town to choose from We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Is it correct that all Kentish Town CQS (Conveyancing Quality Scheme) solicitors are on the Yorkshire BS conveyancing list of approved practices?
Some major banks and building societies now utilise CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
is it true that all Kentish Town solicitor firms on the Nottingham conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nottingham approved list of solicitors they would need to be regulated by the SRA. Many banks do list licenced conveyancers on their panel in which case such organisation would be regulated by the CLC.
How does conveyancing in Kentish Town differ for newly converted properties?
Most buyers of new build premises in Kentish Town come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Kentish Town typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kentish Town or who has acted in the same development.
I am a sole trader looking to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Kentish Town for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Kentish Town, including the sale and purchase of businesses as well as simply premises. If you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and complexity of the proposed transaction. Let us have your details or call so as to enable us to supply you with a detailed commercial conveyancing calculation.
My son is just in the process of moving house, the home loan was agreed last week in principle. After the seller agreed the offer on the house we contacted the mortgage company to progress the mortgage application. I was shocked to learn that banks do not accept all conveyancing practitioner, they must be on their panel, is this right?
Mortgage Companies normally restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Kentish Town property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.