I am 3 weeks into the sale of my flat in Westminster and the EA has just e-mailed to say that the purchasers are switching solicitor. The excuse is that the bank will only engage with solicitors on their conveyancing panel. On what basis would a major lender only engage with specific solicitors rather the firm that they want to select to handle their conveyancing in Westminster ?
Banks have always had panels of law firms they are willing to work with, but in recent years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for many years.
Banks point to the increase in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any sway in the decision.
Completed the sale of my flat in Westminster last April yet the purchaser is SMS messaging me to moan that her lawyer needs to hear from mysolicitor. What should my lawyer have done now that I have sold?
Following your sale your lawyer is duty bound to send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion procedures specific conveyancing in Westminster.
My relative recommended that if I am purchasing in Westminster I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Westminster conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Westminster around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Westminster Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Westminster Education with maps and statistics, Local Amenities and other useful data concerning Westminster.
Due to the input of my in-laws I had a survey completed on a house in Westminster in advance of appointing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not issue a loan on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. If you contact us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Westminster. Conveyancing will be smoother if you use a solicitor in Westminster especially if they regularly deal with such properties in Westminster.
What makes your site different to other web based conveyancing solicitors for conveyancing in Westminster?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Westminster. As opposed to estate agents and many comparison sites we do not charge firms a fee if you select them for your conveyancing in Westminster
I need to appoint a conveyancing solicitor for purchase conveyancing in Westminster. I have discover a site which seems to have the ideal offering If there is a chance to get all the legals completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?