Is the fact that my conveyancer in Prudhoe is not on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
That is most likely a wrong assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack 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 simply call the Prudhoe conveyancing firm and ask them why they are no longer on the approved list for your bank.
Are the BSA intent on creating a search tool with a view to list practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Prudhoe?
We are not aware of any intention on the part of the BSA to develop such a tool.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Prudhoe is where the house is located. Can you shed any light on this issue?
Flying freeholds in Prudhoe are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Prudhoe you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Prudhoe 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 property.
What tools are available to locate a Prudhoe law firm on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel upto 20kilometers to meet the solicitor.
You can use the tool on this page. Please choose the lender and your location and you will see a number of Prudhoe conveyancing lawyers locally. We have detailed some Prudhoe conveyancing firms towards the end of this page and you can call them to check whether they are on the Nottingham Building Society member panel
I need to instruct a conveyancing solicitor for purchase conveyancing in Prudhoe. I have land on a web site which looks to be the perfect answer If it is possible to get all this stuff done via phone that would be ideal. 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?
My wife and I about to complete on the purchase a property in Prudhoe but as a consequence of wreckage from the recent storms I have agreed compensation from the current proprietors of four thousand pounds by way of a deduction in the price. This was going to be addressed as part of the conveyancing process yet the bank will not permit this. Should they have been informed?
Your property lawyer being on a bank conveyancing panel is required to disclose to the bank of any changes to the sale figure. If you prohibit your lawyer to report the reduction to your bank then they would have to discontinue representing you and the lender.