I am in the process of selling my maisonette in Leominster and the estate agent has just text me to advise that the purchasers are appointing a new conveyancer. I am told that this is due to the fact that the bank will only deal with solicitors on their approved list. On what basis would a big named mortgage company only work with certain law firms rather the firm that they want to choose to handle their conveyancing in Leominster ?
Banks have always had panels of law firms they are willing to work with, but in the past few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.
Lending institutions point to the increase in fraud by way of justification for the pruning – criteria have been narrowed as a smaller panel is easier to oversee. 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. Plenty of firms 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. Your purchasers are unlikely to have any impact on this.
What can a local search reveal regarding the property we're buying in Leominster?
Leominster conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search is essential in every Leominster conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I got the keys to my flat on 14 August and the transaction details is yet to be registered. Any reason for this? My conveyancing solicitor in Leominster said it would be concluded in less than a month. Are transfers in Leominster uniquely lengthy to register?
As far as conveyancing in Leominster registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can adjust according to the party submitting the application, whether there are errors and whether the Land registry have to notify any interested persons or bodies. At present in the region of 80% of submission are fully addressed within 12 days but occasionally there can be extensive hold-ups. Historically registration occurs once the buyer is living at the premises therefore 'speed' is not always top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
I opted to have a survey carried out on a house in Leominster ahead of retaining conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some mortgage companies tend not issue a mortgage on this type of home.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Leominster. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Leominster to see if the conveyancing will be more expensive.
What tools are available to identify a Leominster solicitor on the Yorkshire Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the conveyancer.
Feel free to make use of the facility on this page. Please choose the bank and your location and you will see a number of Leominster conveyancing lawyers locally. We have detailed some Leominster conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Yorkshire Building Society approved list
I need to retain a conveyancing solicitor for my conveyancing in Leominster. I've stumble upon a web site which looks to be the ideal offering If it is possible to get all this stuff completed via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?