I have just been advised by my mortgage broker that my Nine Elms property lawyer is not on the mortgage company Conveyancing panel. How can I check?
The sensible course of action for you to take is to contact your Nine Elms lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they may be able to suggest a Nine Elms conveyancing practice that is on the conveyancing panel for your lender.
Do banks and building societies provide you with an approved list of Nine Elms conveyancing solicitors? How do you know who is on the Leeds Building Society conveyancing panel?
Nine Elms conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
We wanted to use a conveyancing solicitor in Nine Elms for our house move. Our financial adviser has since notified us that our mortgage company Nationwide Building Society won't deal with them. Surely this is unfair competition?
Mortgage Companies tend to imposes restrictions either the type or the number of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. As well as restricting the profile of firm, a few banks have decided to limit the number of solicitor practices they use to represent them. You should note that Nationwide Building Society have no responsibility for the quality of advice provided by any member of Nationwide Building Society Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there are mixed opinions about the level of solicitor involvement in some of that fraud. Statistics from the Land Registry indicate that plenty of law firms, including some in or near Nine Elms only perform very few conveyances a year.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Nine Elms?
There are many registered licenced Conveyancers in Nine Elms and Solicitor practices in Nine Elms who can assist with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. The two can deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Is it the case that all Nine Elms CQS (Conveyancing Quality Scheme) solicitors are on the Aldermore conveyancing list of approved solicitors?
Some major lenders now utilise the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
I am currently in the process of buying my council flat in Nine Elms. I have a mortgage offer with UBS. 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 have 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 UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
I have justfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Nine Elms for a purchase of a leasehold apartment 12 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, 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 Nine Elms conveyancing specialists.
Why am I unable to complete our conveyancing in Nine Elms on a public holiday?
This is due to the fact that on completion the funds will be transferred electronically between the banks of the buyer and seller's property lawyer and at present this can only occur on a working day. It is not possible to complete on a saturday or sunday either.