I can't travel far from Bourton on the Water. What is the rationale as to why all Bourton on the Water property lawyers are not on all lender panels?
Banks highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This led to banks and building societies removing less reputable firms off their panel of approved conveyancing practitioners .
It is a dozen years since I bought my home in Bourton on the Water. Conveyancing solicitors have just been retained on the sale but I can't locate the deeds. Is this a major issue?
You need not be too concerned. Firstly there is a possibility that the deeds will be with the lender or they may stored with the lawyers who oversaw the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers acquiring current official copies of the land registers. The vast majority of conveyancing in Bourton on the Water involves registered property but in the rare situation where your home is unregistered it is more of a problem but is not insurmountable.
My mortgage company has suggested solicitors on their panel based in Bourton on the Water but I would rather use a conveyancing lawyer in Bourton on the Water local to me. Can you assist?
Far from all Bourton on the Water conveyancing firms are approved and listed on all banks conveyancing panel. Use our search tool to identify a Bourton on the Water conveyancing conveyancer on the on the mortgage company panel.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Bourton on the Water I like with a park and station nearby, however it only has 51 years on the lease. There is not much else in Bourton on the Water suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage that many years may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
My husband and I are 18 days into a residential purchase having been directed to conveyancers by the local agent to do our conveyancing in Bourton on the Water. I am am extremely disappointed with the level of service. Can you help me find new lawyers?
They would have to be very bad in order to consider diss instructing them. Has the loan offer been issued? If so you will need to make them aware of the new contact details and get the offer are issued to the new lawyers. The solicitor ideally needs to be on the lenders approved list to avoid escalating expenses and delays. So that should be your first question of the new lawyers. The search tool can help you find a lender approved solicitor for your conveyancing in Bourton on the Water
I am seeking to acquire a repossessed flat in Bourton on the Water and the bank selling demand completion within 28 days. Do lawyers meet that timeframe? Would it be better to use a high street Bourton on the Water firm or an online conveyancer that professes to complete quickly?
Visit your Bourton on the Water shopping parade. Go in to a couple of companies and ask to see a conveyancing solicitor for an estimate. Set out your requirements and seek assurances on time frames. Choose the one that appears most trustworthy. You need to use a conveyancing practitioner on the list of solicitors acceptable to your bank.