Am I correct in assuming that the fact that my conveyancer in Easton is not on my mortgage company's solicitor panel that there is a problem with the quality of the firm’s work?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Easton conveyancing firm and ask them why they are no longer on the approved list for your bank.
I am due to exchange on the purchase of a property in Easton but as a consequence of wreckage from the recent storms I have was able negotiate compensation from the seller of £2k in the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract yet Nationwide will not agree to this. Why were they approached?
Any conveyancing practitioner that is on the Nationwide approved list is obliged to inform Nationwide of any variations to the sale price. If you were to refuse your conveyancer to disclose the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new lawyer for your conveyancing in Easton.
I had intended to instruct a conveyancing solicitor in Easton for our home move. Our broker informed us that our bank Halifax won't deal with them. Why is this not regarded as unfair competition?
A decade ago most mortgage companies had an appetite for risk which was higher than today. Almost all Easton conveyancing firms would have been on many bank panels. The Financial Services Authority in 2010 completed a thematic investigation into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more data from law firms concerning their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum amount of conveyancing. Many Easton conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Easton is one of the hundreds of locations where the conveyancers we recommend are are approved Halifax.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Easton?
There are many registered licenced Conveyancers in Easton and Solicitor practices in Easton to choose from We would stress that the two are regulated professionals specialising in the legal work in transferring property. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
When it comes to mortgage companies such as TSB, do Easton lawyers have to pay a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
How can we know in advance if a Easton conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Easton obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your transaction.
Despite weeks of looking the Title Certificate and documents to my property are lost. The lawyers who did the conveyancing in Easton 5 years ago no longer exist. What are my options?
Nowadays there are duplicates made of almost everything, and your conveyancer should know precisely where to find all the relevant paperwork so you may buy or sell your house without a hitch. Where duplicates can’t be located, your solicitor can arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
Should I choose a Easton conveyancing practitioner who is local to the property I am buying? An old friend can handle the conveyancing however they are based 300miles drive away.
The primary upside of using a local Easton conveyancing firm is that you can pop in to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Easton know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and they were happy that must trump using an unknown Easton conveyancing solicitor solely due to them being based in the area.