I am not in a position to travel far from Newark on Trent. I would like to know the logic why all Newark on Trent conveyancing practitioners are not on all lender panels?
Before the recession most mortgage companies exhibited an attitude to risk which is different from today. The financial regulator in 2010 carried out a thematic review into mortgage fraud which concluded: know the solicitors on your panel. Consequently, lenders have subsequently soughtmore information from law firms concerning their processes and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Thousands of firms have been excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the criteria of volume of transactions the lenders required.
We see that you have a 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 Newark on Trent?
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 Newark on Trent.
I am expecting a DIP from Coventry BS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Newark on Trent solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Newark on Trent solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
I recently had an offer accepted on an apartment in Newark on Trent. My financial adviser pressured me to appoint their solicitor. I paid an advanced payment of £175. Soon after, the lawyer contacted me to say that they were not on the Aldermore 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 Aldermore 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.
After shopping around on the internet I have found a Newark on Trent property lawyer having checked that they are on the Skipton conveyancing panel. Does my lawyer arrange the survey of the property?
Skipton will need an independent valuation of the property. Your lawyer will not arrange this. Usually Skipton will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Newark on Trent postcode. As you are getting a mortgage with Skipton, you could contact them to see if they have a list of approved surveyors in Newark on Trent.
I have todaybecome aware that Action Conveyancing have been shut down. They carried out my conveyancing in Newark on Trent for a purchase of a leasehold apartment 9 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest way to check if the property is registered to you, you can carry out 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 Newark on Trent conveyancing specialists.
I have been advised by a number of property agents in Newark on Trent to choose a conveyancer on your site. What’s the financial advantage for Estate Agents to offer your services over and above another?
We refuse to give any financial incentive for sending work in our direction. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am a fortnight into a freehold purchase having been recommend to conveyancers by the selling agent to perform conveyancing in Newark on Trent. I am am very frustrated with the quality of service. Can you help me find new conveyancers?
They would need to be very poor in order to consider diss instructing them. Has the mortgage offer been issued? If so you need to make them aware of the new contact details and have the offer are re-sent. The conveyancer should be on the banks approved list to avoid added charges and frustration. So that should be your first question of the new lawyers. The search tool can assist you in finding a bank approved solicitor for your home move in Newark on Trent