I am progressing with the sale of my apartment in Norwood and the EA has just called to say that the purchasers are appointing a new solicitor. The reason given is that the mortgage company will only deal with solicitors on their approved list. Why would a major mortgage company only engage with specific law firms rather the firm that they want to appoint for their conveyancing in Norwood ?
UK lenders have always had an approved set of law firms that can represent them, but in recent years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 25 years.
Lenders point to the increase in fraud by way of justification for the cull – criteria have been stiffened as a smaller panel is easier to maintain. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices 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 purchasers are unlikely to have any sway in the decision.
Do the conveyancing lawyers that you recommend execute conveyancing in Norwood by way of an attended exchange?
We do have a number of conveyancing experts carrying out personalised exchanges. You should e-mail us to get a fee calculation and details as to dates.
Can your site be used to locate a Conveyancing solicitor in Norwood even where I’m not purchasing or selling a house, for example where I wish to buy a shop in Norwood with a mortgage from Clydesdale?
The service is predominantly there to help choose residential conveyancing solicitors in Norwood but we have listed towards the bottom of this page a few Norwood commercial conveyancing firms. You should make contact with the firm directly to establish if they are also authorised to represent Clydesdale
My bank has suggested solicitors on their panel based in Norwood but I would rather choose a conveyancing lawyer in Norwood round the corner to me. Can you assist?
Far from all Norwood conveyancing solicitors are listed all banks conveyancing panel. Please make use of our find an approved solicitor tool to choose a Norwood conveyancing firm on the on the lender panel.
About to purchase a new build apartment in Norwood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Norwood
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants.
My cousin has encouraged me to appoint his conveyancers in Norwood. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to seek recommendations from friends or family who have actually experience in using the firm you're contemplating using.