I am selling my home in Brixton and the estate agent has just text me to advise that the purchasers are appointing a new conveyancer. I am told that this is due to the fact that the mortgage company will only deal with property lawyers on their conveyancing panel. On what basis would a major mortgage company only deal with specific lawyers rather the firm that they want to select for their conveyancing in Brixton ?
UK lenders have always had panels of law firms that can act for 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 acted for them for more than 15 years.
Mortgage companies point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to maintain. 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. Some 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.
Can your site be used to recommend a Conveyancing solicitor in Brixton even where I’m not buying or disposing of a house, for example where I intend to acquire a shop in Brixton with a loan from Santander?
Our search tool is predominantly utilised to get a quote from domestic conveyancing solicitors in Brixton but we have set out towards the end of this page a selection of Brixton commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they are also authorised to represent Santander
I am selling my house in Brixton. Will the solicitor need to be on the Nationwide conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Brixton is the location of the property. Can you offer any advice?
Flying freeholds in Brixton are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Brixton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Brixton 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 premises.
As co-executor for the will of my grandmother I am selling a house in Neath but reside in Brixton. My solicitor (who is 235 kilometers from meneeds me to execute a stat dec ahead of completion. Can you recommend a conveyancing practitioner in Brixton to attest this legal document for me?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Brixton based
I am due to consider quotes for conveyancing in Brixton from numerous solicitor and appoint one. Am I right to ask them to hold tight until I a suitable apartment to buy.
We would recommend that you only ask your solicitor to commence work and order searches once the offer has been agreed to on the property particularly as Brixton conveyancing searches are costly.