I am progressing with the sale of my maisonette in Merseyside and the EA has just called to advise that the buyers are swapping law firm. I am told that this is due to the fact that the bank will only deal with solicitors on their conveyancing panel. Why would a leading mortgage company only work with certain law firms rather the firm that they want to select to handle their conveyancing in Merseyside ?
UK lenders have always had an approved set of law firms that can act for them, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Mortgage companies point to the increase in fraud as the reason for the pruning – criteria have been stiffened as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms 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. The buyers are not going to have any impact on this.
Please could you recommend a The Mortgage Works approved Merseyside conveyancing solicitor who can have us moved in within less than a month? Would it be better to use a local Merseyside solicitor or an online comparison site?
We would be happy to suggest some excellent Merseyside conveyancing firms. Another option is to visit the high street in Merseyside. Go in to a couple of law practices and ask to see a conveyancing solicitor for a costs illustration. Discuss your time frames together with your reasons and get a commitment on your deadline. Select the one that you trust.
My relative recommended that where I am buying in Merseyside I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually included in the estimate for your Merseyside conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Merseyside around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Merseyside Education with plans and statistics, Local Amenities and other useful data concerning Merseyside.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Merseyside is the location of the property. What do you suggest?
Flying freeholds in Merseyside are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Merseyside you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Merseyside may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to retain a conveyancing solicitor for some conveyancing in Merseyside. I have discover a site which seems to have the perfect offering If there is a chance to get all formalities completed via phone that would be preferable. Do I need to be concerned? 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?
Can a conveyancer remove a name from the title of my home in Merseyside ?
Subtracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner