I am one month into the sale of my home in Sneinton and the estate agent has just telephoned to warn that the purchasers are switching law firm. The excuse is that the mortgage company will only engage with property lawyers on their conveyancing panel. Why would a leading lender only deal with certain lawyers rather the firm that they want to choose to handle their conveyancing in Sneinton ?
Mortgage companies have always had panels of law firms that can represent 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 worked with them for more than 25 years.
Banks point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to keep an eye on. 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. Some 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 sway in the decision.
I am buying a property and the lawyer has identified Chancel Repair to which the property could be liable because it falls into the area of such a church. He has suggested insurance. Is this strictly warranted for conveyancing in Sneinton
Unless a prior acquisition of the premises completed post 12 October 2013 you could assume that solicitors carrying out conveyancing in Sneinton to remain encouraging a chancel search and or chancel repair liability policy.
Me and my brother have a renovated Georgian property in Sneinton. Conveyancing solicitor represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the exact same address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sneinton and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
How does conveyancing in Sneinton differ for newly converted properties?
Most buyers of new build premises in Sneinton approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Sneinton usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Sneinton or who has acted in the same development.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Sneinton?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Sneinton. As opposed to estate agents and many comparison sites we do not charge firms a commission if you appoint them for your property ownership legalities in Sneinton
I am 17 days into a freehold purchase having been referred to a firm by the local agent to perform conveyancing in Sneinton. I am am very disappointed with the quality of service. Can you you assist me in finding new conveyancers?
They would have to be very poor to suggest diss instructing them. Has the loan offer been issued? If so you need to advise them of the replacement conveyancer and ensure the mortgage documents are issued to the new lawyers. The conveyancer should be on the lenders panel to avoid escalating fees and delays. That should be your starting point. Our search tool will assist you in finding a lender approved conveyancer for your conveyancing in Sneinton