I am in the process of selling my house in Barnsley and the estate agent has just telephoned to advise that the buyers are swapping property lawyer. The reason given is that the lender will only engage with solicitors on their conveyancing panel. Why would a major lender only engage with specific law firms rather the firm that they want to select for their conveyancing in Barnsley ?
Lenders have always had an approved set of law firms that can represent them, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Mortgage companies blame a rise in fraud by way of justification for the reduction – criteria have been stiffened as a smaller panel is easier to monitor. 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 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 buyers are unlikely to have any impact on this.
I am purchasing a brand new flat in Barnsley and my lawyer is informing me that she has to the mortgage company to disclose incentives from the seller. I am on a tight deadline to sign contracts and I have no desire to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender 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.
I had intended to instruct a conveyancing solicitor in Barnsley for our house move. Our broker informed us that our mortgage company Alliance & Leicester won't deal with them. Why is this not regarded as unfair competition?
A mortgage company will direct that a panel conveyancer act for it. Borrowers are expected to meet the charges for this. Try using our tool to choose a solicitor to carry conveyancing in Barnsley on the Alliance & Leicester conveyancing panel.
I have been told that property searches are the number one reason for hinderance in Barnsley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Barnsley.
Is it possible to change firm as I need to find one who is on the Aldermore conveyancing list. I was using a high street conveyancing solicitor in Barnsley five minutes from me but the firm is not accepted by Aldermore
We will our best to assist in finding you a conveyancing solicitor in Barnsley on the Aldermore panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Barnsley. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Barnsley.
What can I expect to pay for conveyancing in Barnsley?
The amount you are levied for Barnsley conveyancing charges are likely to be calculated at:
- a set sum; or
- on a time spent basis (i.e. the time spent on the particular case).
These days very few Barnsley conveyancing companies invoice by the clock