I am nearing exchange of contracts for my apartment in Conisborough and the EA has just telephoned to advise that the purchasers are appointing a new law firm. The reason given is that the lender will only deal with property lawyers on their approved list. Why would a major lender only deal with certain law firms rather the firm that they want to appoint for their conveyancing in Conisborough ?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the last few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Mortgage companies point to the increase in fraud as the reason for the cull – criteria have been narrowed as a smaller panel is easier to oversee. Banks tend not to reveal 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 purchasers are not going to have any sway in the decision.
Are you able to recommend a Alliance & Leicester allowed Conisborough conveyancing solicitor that can complete within 10 days? Am I best advised to unstruct a local Conisborough firm or an online conveyancer?
We would be happy to suggest some excellent Conisborough conveyancing firms. You can also walk up the high street in Conisborough. Approach some well established law practices and request to see a conveyancing solicitor for a quote. Mention your expectations together with your reasons and ask for an assurance on speed. Choose the lawyer that genuine.
In what way does my ID and proof of funds have anything to do with my conveyancing in Conisborough? Is this really warranted?
Conisborough conveyancing solicitors and indeed property lawyers accross the UK have an obligation under Anti-terror and anti-money-laundering rules to check the ID of any client in order to ensure that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified identification; proof of identity (typically a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Proof of source of funds is also required under the money laundering laws as lawyers are required to check that the money you are utilising to buy a property (be it the exchange deposit or the total purchase amount where you are a cash purchaser) has come from legitimate source (such as an inheritance) rather than the product of criminal behaviour.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who handled the conveyancing in Conisborough 5 years ago no longer exist. What are my next steps?
These day there are copies made of almost everything, and your solicitor should be aware exactly where to locate all the relevant documentation so you may purchase or dispose of your property without a hitch. Where copies can’t be located, your lawyer can put in place insurance or indemnities protecting you against future claims on the premises.
I am looking for a conveyancing practitioner in Conisborough for my sale. Is there any facility to check a firm’s complaints history with the legal regulator?
Members of the public can search for presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training reasons.
How much should conveyancing in Conisborough cost?
The total sum levied for conveyancing in Conisborough are likely to be calculated at:
- a set amount; or
- an hourly rate (i.e. the time spent on the particular case).
These days you seldom hear of Conisborough conveyancing solicitors charge on an hourly basis