I am not in a position to travel far from Llanfairfechan. Is there a reason why all Llanfairfechan solicitors are not on all mortgage company panels?
A decade ago most banks had an approach to risk which is different from today. The Financial Services Authority in 2010 instigated a thematic review into property fraud which concluded: know the lawyers on your panel. Accordingly, lenders have subsequently looked to extract more data from law firms regarding their operations and the staff who work for them and set certain criteria such as completing a minimum amount of transactions. Many law practices have found themselves excluded from lender panels even though they had 100% healthy disciplinary 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 insisted on.
I am currently in the process of buying my council flat in Llanfairfechan. I have a mortgage offer with Virgin Money. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
After weeks of negotiation I have agreed a price on a house in Llanfairfechan. My financial adviser pressured me to appoint their conveyancing practitioner. I paid an advanced payment of £225. Shortly after, the conveyancer called me sheepishly admitting that they were not on the Nationwide 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 Nationwide 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.
Aldermore have agreed my home loan in principle, my bid on a house in Llanfairfechan has been agreed to, what happens next?
The property agent will wish to be informed of your lawyer's details (ensure that the solicitors are on the lender’s approved list). Contact Aldermore or your broker and finish off any relevant paperwork. Aldermore will appoint a valuer who will get in touch with the selling agent or seller to book a time for the valuation to occur. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Aldermore will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Llanfairfechan.
A friend recommended that if I am purchasing in Llanfairfechan I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Llanfairfechan conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Llanfairfechan around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Llanfairfechan Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Llanfairfechan Education with maps and statistics, Local Amenities and other useful information regarding Llanfairfechan.
I have todayfound out that Arc property Solicitors have closed. They conducted my conveyancing in Llanfairfechan for a purchase of a freehold house 18 months ago. How can I establish that the property is in my name in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Llanfairfechan conveyancing specialists.
Is it possible to swap conveyancer as I have to instruct a firm on the Alliance & Leicester conveyancing list. I was using a high street conveyancing solicitor in Llanfairfechan round the corner but he is not accepted by Alliance & Leicester
It would be our pleasure to help you find a conveyancing solicitor in Llanfairfechan on the Alliance & Leicester panel. Please note that the law firms that we on the directory do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Llanfairfechan. In making use of search facility on this website, you can contrast costs for conveyancing solicitors in Llanfairfechan and beyond.
I note that you have a search directory listing law firms on the lender conveyancing panel. Do Llanfairfechan conveyancing companies pay you a commission if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Llanfairfechan.