I can't travel far from Dorchester On Thames. Is there a reason why all Dorchester On Thames lawyers are not on all bank panels?
Banks ordinarily impose restrictions on either the nature or volume of conveyancing practices on their approved list of lawyers. Typical examples of such criteria being that the practice needs to have at least two partners. In addition to restricting the type of firm, some building societies decided to restrict the number of practices they permit to act for them. It is worth noting that banks have no responsibility for the quality of service provided by any Dorchester On Thames property lawyer on their panel. Mortgage fraud was the main trigger for the rationalisation of conveyancing panels in the last decade notwithstanding that there are conflicting thoughts about whether solicitors sat at the center of that fraud. Statistics via HMLR reveal that thousands of conveyancing organisations only carry out a couple of conveyances a year. Those advocating conveyancing panel cuts ask why conveyancing firms should have claim to remain on a lender panel when it is apparent that property law is not their primary expertise?
My lawyer in Dorchester On Thames is not on the Virgin Money Approved Panel. Is it possible for me to retain my prefered solicitor even though they are excluded from the Virgin Money panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Dorchester On Thames lawyers but Virgin Money will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall legal charges and result in frustration.
- Get a new practitioner to act in the conveyancing, obviously checking they are Virgin Money approved.
- Persuade your Virgin Money based solicitor to try to join the Virgin Money panel
We previously selected solicitors located in Dorchester On Thames on the Co-operative solicitor approved list. They are now charging me a supplemental amount for handling the Co-operative mortgage. Is this a supplemental conveyancing fee specified by Co-operative?
Provided it is contained in their Terms and Conditions or Quote then yes your solicitor can charge a fee for this. This charge is not dictated by Co-operative but by your Dorchester On Thames solicitor. Plenty of firms on the Co-operative panel will levy ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
We expect to receive a DIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Dorchester On Thames solicitors on the Kent Reliance conveyancing panel, or is it better to go independently?
You will need to appoint Dorchester On Thames solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I can not fathom if my bank requires a lease extension. I have called my Dorchester On Thames building society branch on a couple of occasions and was informed it wasn't a problem and they will lend. My Dorchester On Thames conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they will not lend in accordance with their published requirements. Who do I believe?
Your property lawyer must comply with the Council of Mortgage Lenders’ Handbook section two conditions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have recentlybeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Dorchester On Thames for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dorchester On Thames conveyancing specialists.
I need to instruct a conveyancing practitioner in Dorchester On Thames for my home move. Can I see a solicitor's record with the legal regulator?
Members of the public can find published Solicitor Regulator Association (SRA) decisions arising from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator may monitor call for training requirements.
My mortgage broker has recommended their property lawyer for our conveyancing in Dorchester On Thames - won’t it be easier to just instruct them?
This is not necessarily the case and you are free to use whichever property lawyer you decide for your Dorchester On Thames conveyancing. The solicitor put forward by an estate agent may not always be the right lawyer, they may suggest their preferred conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.