I am not in a position to travel far from Southwell. Please spell out why all Southwell solicitors aren't automatically on all bank panels?
A decade ago most lenders demonstrated an attitude to risk which differs from the current day. The FSA in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the solicitors on your panel. Accordingly, mortgage companies have subsequently looked to extract more data from law firms about their operations and the staff employed by them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have found themselves excluded from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the minimum volume of transactions the lenders required.
My wife and I are acquiring a new build flat in Southwell and my conveyancer is informing me that she has to the mortgage company to reveal incentives from the seller. I am under pressure to sign contracts and I don't want to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your database of Southwell solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Southwell conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
I am looking into buying my first house which is in Southwell and I am already nervous. I couldn't find anything specific about Southwell. Conveyancing will be needed in due course but do you know about the Southwell area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Southwell. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my grandfather I am disposing of a property in Newport but reside in Southwell. My solicitor (approximately 250 kilometers from meneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing lawyer in Southwell to witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will suffice regardless of whether they are Southwell based
There are a number of houses in Southwell on private roads. We are purchasing one such property. Are there any benefits to purchasing a house on a private road?
Southwell conveyancing lawyers are well versed in dealing houseson private. Your property lawyer will review the Land Registry data to identify any rights or responsibilities. It is possible that there is a residents association that owners make annual payments for the upkeep of the road. If there is one, the road will likely be maintained and appear better than publicly adopted.