My partner and I are looking to buy a house in Dursley and are in fact using a Dursley conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Norwich and Peterborough Building Society have this evening contacted us to inform me that there is now an issue as our Dursley conveyancer is not on their conveyancing panel. Is this a problem?
Where you are buying a property with the assistance of a mortgage it is standard for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Dursley lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Can the conveyancing lawyers that you recommend carry out attended exchange conveyancing in Dursley?
We do have a number of conveyancing specialists who can conduct one day exchanges. You should contact us to get a conveyancing quote and details as to dates.
Having sold my house in Dursley last January yet the purchaser is calling every few hours complaining that their conveyancer is waiting to hear from mylawyer. What should have happened now that I have sold?
Post completion of your house sale your lawyer is duty bound to forward the transfer deeds and all additional paperwork to the buyer’s solicitors. Where appropriate, your lawyer should also send confirmation that the mortgage has been discharged to the buyers solicitors. There are no post completion requirements specific conveyancing in Dursley.
Due to the input of my in-laws I had a survey completed on a property in Dursley ahead of instructing solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks will not grant a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dursley. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it possible to swap conveyancer as I have to choose a firm on the Bank of Scotland conveyancing panel. I had appointed a local conveyancing solicitor in Dursley round the corner but she is not approved by Bank of Scotland
It would be our pleasure to assist you select a conveyancing solicitor in Dursley on the Bank of Scotland panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Dursley. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Dursley.
Please set a few of distinct advantages to instructing a high street property lawyer in Dursley
Plenty of house movers in Dursley choose a nearby high street solicitor so that they can pop into the firm’s offices if they have questions, and to execute mortgage deeds without using the post.
There is a marginal benefit in using a lawyer local to the premises you are hoping to purchase, due to the familiarity of the locality and possible local issues - yet this is moot. The majority of conveyancers undertaking their communications through email and may be any place in the world.