I am selling my ground floor flat in Buntingford and the estate agent has just text me to say that the purchasers are swapping law firm. The reason given is that the lender will only deal with solicitors on their approved list. On what basis would a big named lender only deal with specific solicitors rather the firm that they want to select to handle their conveyancing in Buntingford ?
Banks have always had an approved set of law firms that can act for them, but in recent years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 25 years.
Banks blame a rise in fraud as the reason for the reduction – criteria have been narrowed 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 says 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.
How up to date is your search tool for Buntingford conveyancing solicitors on the Barclays conveyancing panel? Do Barclays send you an updated list?
Buntingford conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I have been referred to a conveyancing solicitor in Buntingford. I I am struggling to find out if they are accepted on the Santander approved list of lawyers. Could you help?
The first thing to do is contact the conveyancer and ask them whether they can act for the lender. Otherwise you should get in touch with Santander who may be able to confirm.
I used Arc property Solicitors a few years past for my conveyancing in Buntingford. I now require my papers however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Buntingford of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £235,500 and identified one round the corner in Buntingford I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Buntingford suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
What does commercial conveyancing in Buntingford cover?
Non domestic conveyancing in Buntingford covers a wide range of advice, provided by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.