I can't travel far from Crowborough. What is the rationale as to why all Crowborough lawyers aren't included on all bank panels?
A decade ago most lenders exhibited an approach to risk which is different from today. The financial regulator in 2010 carried out a thematic review into property fraud which in summary warned lenders: know the solicitors on your panel. As a result, mortgage companies have since looked to extract more data from law firms concerning their operations and the individuals employed by them and set certain criteria such as completing a minimum volume of transactions. Many firms have been excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the criteria of volume of transactions the lenders set.
Can your site be used to recommend a Conveyancing solicitor in Crowborough even where I’m not purchasing or selling a house, for example where I want to buy a shop in Crowborough with a mortgage from Coventry Building Society?
Our comparison service is predominantly used to find residential conveyancing solicitors in Crowborough but we have recorded at the bottom of this page a selection of Crowborough commercial conveyancing firms. You will need to speak with the company directly to establish if they are also authorised to represent Coventry Building Society
We wanted to use a conveyancing solicitor in Crowborough for our house purchase. Our financial adviser has since advised us that our mortgage lenders Barnsley Building Society won't deal with them. Surely this is unfair competition?
Mortgage Companies in the main restrict either the type or the volume of conveyancing practices on their member panel. Typical examples of such criteria being that a firm must not be a sole practitioner. In addition to restricting the type of firm, some have decided to limit the number of firms they permit to represent them. You should note that Barnsley Building Society have no responsibility for the quality of advice provided by any member of Barnsley Building Society Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there remains differing opinions regarding the level of solicitor engagement in some of that fraud. Data from the Land Registry indicate that plenty of law firms, including some in or near Crowborough only execute one or two conveyances a year.
How does conveyancing in Crowborough differ for new build properties?
Most buyers of new build premises in Crowborough come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because builders in Crowborough tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Crowborough or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Crowborough prior to instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will not issue a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Crowborough. Conveyancing may be slightly more expensive based on your lender's requirements.
I have just had an offer accepted on an apartment in Crowborough and the broker that we are using recommended his conveyancing practitioner. She quoted nine hundred pounds including VAT and 3rd party costs. Does this sound reasonable?
You should not rely on one estimate. One should seek like-for-like quotes for your conveyancing in Crowborough. Then select one that you trust and just as important, is on the approved list of the lender that you have applied for a mortgage from.