My fiance and I are hoping to buy a home in Littleborough and are in fact using a Littleborough conveyancing firm. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Virgin Money have this evening contacted us to advise us that there is now an issue as our Littleborough lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Littleborough lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I have been recommended a conveyancing solicitor in Littleborough. I need to find out if they are on the Aldermore conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is call your conveyancer and enquire if they can act for the lender. Alternatively you can call Aldermore who may be able to assist.
is it true that all Littleborough solicitors on the Skipton conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Skipton conveyancing panel they would need to be governed by the SRA. Many mortgage companies do allow licenced conveyancers on their panel in which case such practice would be overseen by the Council of Licensed Conveyancers.
I am selling my house. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Leeds Building Society are being pedantic. The Littleborough solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are requiring a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Bank of Ireland have agreed my mortgage in principle, my bid on a house in Littleborough has been agreed to, what are the next steps?
The property agent will wish to know who your solicitors are (be sure the solicitors are on the bank’s panel). Contact Bank of Ireland or the broker and finalise any appropriate documentation. Bank of Ireland will appoint a valuer who will get in contact with the selling agent or seller to book an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Littleborough.
I have been told that property searches are the primary reason for obstruction in Littleborough house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Littleborough.
Are there any apps to assist me to search for a Littleborough law firm on the Santander conveyancing panel? I am a keen cyclist and am happy to travel upto 25miles to meet the solicitor.
You can use the search on this page. Please select a lender and your location and you will see a number of Littleborough conveyancing lawyers based on proximity. We have detailed some Littleborough conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Santander approved list
I need to instruct a conveyancing practitioner in Littleborough for my house move. Is there any facility to review a solicitor's complaints history with the legal regulator?
Members of the public can review documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.