Unfortunately I am unable to travel far from Brixworth. What is the rationale as to why all Brixworth solicitors are not on all lender panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. It led to banks and building societies pruning a number of firms off their panel of approved conveyancers .
My mortgage company has recommended solicitors on their panel based in Brixworth but I would rather choose a conveyancing lawyer in Brixworth or nearer to where I live. Can you help?
It is by no means the case that all Brixworth conveyancing firms are approved and listed on all lender’s conveyancing panel. Do make the most of our search tool to identify a Brixworth conveyancing firm on the on the bank panel.
Various online forums that I have come across warn that are a common cause of delay in Brixworth conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Brixworth.
I am purchasing a new build house in Brixworth with the aid of help to buy. The sellers refused to move on the amount so I negotiated 6k of additionals instead. The sale representative told me not disclose to my conveyancer about this extras as it could adversely affect my mortgage with Godiva Mortgages Ltd. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 have been pointed in your direction by two or three local selling agents in Brixworth to find a solicitor on your site. Is there a financial upside for Estate Agents to recommend your services over and above a competitor’s?
We don’t offer any commission for directing people to this site. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're novice buyers - had an offer accepted, but the selling agent informed us that the seller will only proceed if we appoint the agent's chosen lawyers as they need a ‘quick sale’. My instinct tells me that we should use a local conveyancer used to conveyancing in Brixworth
It is highly unlikely the owners are behind this. If they want ‘a quick sale', alienating a genuine buyer is likely to cause more damage than good. Speak to the vendors direct and make sure they comprehend that (a)you are serious buyers (b)you are ready to go, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you will continue to appoint your own,trusted Brixworth conveyancing lawyers - rather thanthose that will provide the estate agent a referral fee or hit his conveyancing figures demanded by senior management.