Am I correct in assuming that the fact that my solicitor in Thornhill is not on my mortgage company's solicitor panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (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. If you are concerned you should contact the Thornhill conveyancing practice and enquire why they are no longer on the approved list for your lender.
Can I use your services to find a Conveyancing solicitor in Thornhill even if I’m not buying or disposing of a house, for instance if I wish to acquire an office in Thornhill with a loan from Barclays ?
Our comparison service is mainly utilised to get a quote from residential conveyancing solicitors in Thornhill but we have recorded at the end of this page a selection of Thornhill commercial conveyancing firms. You should make contact with the firm directly to establish if they are also authorised to represent Barclays
We're in Thornhill, First time buyers buying with a mortgage (lender is Kent Reliance , and our solicitor is on the Kent Reliance conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Kent Reliance conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am purchasing a new build house in Thornhill with a loan from Aldermore. The builders would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my conveyancer about the side-deal as it would jeopardize my loan with Aldermore. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey done on a house in Thornhill prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thornhill. Conveyancing will be smoother if you use a solicitor in Thornhill especially if they regularly deal with such properties in Thornhill.
My husband and I are 3 weeks into a freehold purchase having been referred to a firm by the local agent to handle our conveyancing in Thornhill. I am am very dissatisfied with the quality of service. Could you help me find new lawyers?
A lawyer would have to be very poor in order to consider changing them. Has your mortgage offer been sent? In the event that it has you must inform them of the new contact details and get the loan are re-issued. The solicitor ideally should be on the mortgage company approved list to avoid added fees and frustration. That should be your first question of the new lawyers. Our search tool will assist you in finding a lender approved solicitor for your conveyancing in Thornhill