I am selling my house in South Acton and the estate agent has just text me to warn that the purchasers are switching law firm. The excuse is that the bank will only work with solicitors on their conveyancing panel. Why would a big named lender only engage with certain solicitors rather the firm that they want to choose to handle their conveyancing in South Acton ?
Lenders have always had an approved set of law firms that can act for them, but in the last few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Lending institutions attribute this action to a rise in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms 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. Your purchasers are unlikely to have any sway in the decision.
Would the conveyancing solicitors that you recommend conduct auction conveyancing in South Acton?
There are a number of auction solicitors we can put you in touch with those who can conduct auction conveyancing. South Acton is one of the many areas of where our lawyers cover.
How do I discover of the solicitor conducting my conveyancing in South Acton is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Nottingham Building Society thus paying £175.00 in additional legal costs.
Please do make use of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type ‘South Acton’ or your location and you will be presented with a number of lawyer located in South Acton or by proximity to you.
I have been told that property searches are the main cause of hinderance in South Acton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in South Acton.
How does the Landlord & Tenant Act 1954 affect my commercial offices in South Acton and how can your lawyers assist?
The 1954 Act gives security of tenure to commercial leaseholders, granting the right to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. South Acton is one of the many locations in which our lawyers are located
My folks cant seem to find their South Acton land registry title on the site. They recall that 50 years ago when they acquired the bungalow there were complications concerning South Acton not being recognised in some systems.
Almost all properties in South Acton should be revealed. Have you tried a search with simply the postcode. Usually it should disclose all the houses and flats inside that postcode. Assuming the property is registered it will be there with a title number. If they bought back in the 60’s it's conceivable it may be not yet registered. The property may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title papers which may be with your parent’s mortgage company.