Am I correct in assuming that the fact that my solicitor in Southam is not identified on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s work?
It would be unwise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Southam conveyancing firm and ask them why they are no longer on the approved list for your lender.
My wife and I are soon to exchange on the purchase of a property in Southam but as a consequence of wreckage from the recent storms I have was able negotiate reparation from the vendor in the sum of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement however TSB are not allowing this. Should they have been informed?
Any lawyer that is on a TSB conveyancing panel is obliged to inform TSB of any changes to the purchase price. If you prohibit your property lawyer to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new solicitor for your conveyancing in Southam.
Why is leasehold purchase conveyancing in Southam is more expensive?
Southam leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
After weeks of negotiation I have agreed a price on an apartment in Southam. My financial adviser pressured me to appoint their lawyer. I paid an on account payment of £150. Soon after, the lawyer contacted me to say that they were not on the Leeds Building Society 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 Leeds Building Society 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.
My offer was accepted on a house in Southam on 27/1/2025, valuation was booked five days after, all came back fine. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Kent Reliance and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Kent Reliance conveyancing panel. Are Kent Reliance entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
Aldermore have agreed my mortgage in principle, my offer on a flat in Southam has been accepted, what are the next steps?
Your estate agent will wish to know who your solicitors are (be sure the solicitors are on the bank’s approved list). Telephone Aldermore or your broker and finish off any outstanding paperwork. Aldermore will appoint a valuer who will get in touch with the selling agent or owners to arrange a slot for the valuation to happen. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Aldermore will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Southam.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Southam is the location of the property. What do you suggest?
Flying freeholds in Southam are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southam you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southam may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How up-to-date is your database of lawyers on the mortgage company conveyancing panel in Southam? Do the lenders send you an updated list?
Southam law firm practices and firms conducting conveyancing in Southam themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.