I am in the process of selling my maisonette in Mitcham Junction and the EA has just telephoned to warn that the purchasers are appointing a new conveyancer. The reason given is that the lender will only engage with solicitors on their conveyancing panel. On what basis would a leading mortgage company only work with certain law firms rather the firm that they want to select to handle their conveyancing in Mitcham Junction ?
Banks have always had panels of law firms they are content to work with, but in recent years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Lenders attribute this action to a rise in fraud by way of justification for the pruning – criteria have been tightened as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that 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. Your buyers are not going to have any sway in the decision.
We see that you have a post code search directory identifying firms on the Co-operative conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Mitcham Junction?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Mitcham Junction.
We hope to to purchase with Darlington Building Society. I went into 3 or 4 high street solicitors yet cant to find a Mitcham Junction conveyancing firm on the Darlington Building Society panel. Can you help?
You should make the most of the search tool on this page. Pick the mortgage company and type Mitcham Junction or your location and you will discover a number of lawyer offices in Mitcham Junction or near you.
It has been three months since my purchase conveyancing in Mitcham Junction completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm converting the mortgage on my existing house to a BTL mortgage with Virgin Money and I will use the rest of the raised equity towards further property. The neighborhood we are looking at is Mitcham Junction. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Do use our search tool on this page to be sure that the solicitors are on the relevant lender panels. Assuming that they are the lawyer should be able to simultaneously deal with the two transactions but you should talk with you conveyancer and make clear your desired outcome and needs.
In scouring the internet for the words conveyancing in Mitcham Junction it reveals numerous conveyancersin the area. How do I determine which is the right conveyancing solicitor for my move?
The preferential way of seeking the right conveyancer is through a trusted referral, so enquire of friends and relatives who have bought a property in Mitcham Junction or the local estate agent or mortgage broker. Costs for conveyancing in Mitcham Junction vary, so it's a good idea to obtain at least four quotes from different conveyancers. Dont forget to clarify what costs in the quote includes.