I am not well enough to travel far from Edith Weston. What is the rationale as to why all Edith Weston solicitors are not on all lender panels?
Before the recession most banks exhibited an approach to risk which is different than today. The financial regulator in 2010 conducted a thematic review into property fraud which concluded: know the property lawyers on your panel. Accordingly, banks have subsequently soughtmore data from law firms about their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Many law practices have been removed from lender panels even though they had an exemplary disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to satisfy the criteria of amount of transactions the lenders insisted on.
I have given 2 months notice to my existing landlord and must vacate my rented apartment in Edith Weston by 28/7/2025. Conveyancing for my house purchase has just started. How realistic is it to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to provide notice on a rental unless exchange of contracts has taken place. Assuming that you have not previously done so, contact to your lawyer and request that they apply pressure on the other lawyers, try to an acceptable time-line that everyone will look towards
We note that you have a post code search directory listing firms on the UBS conveyancing panel. Do companies pay you a commission if I appoint them for our conveyancing in Edith Weston?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Edith Weston.
Are the BSA planning on creating a online directory to list solicitors on the Loughborough BS conveyancing panel for example in Edith Weston?
We would not expect to be advised of any plans on the part of the BSA to promote such a search facility.
I am buying a property and the conveyancer has identified Chancel Repair for which the house could be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this really necessary for conveyancing in Edith Weston
Unless a previous purchase of the house completed after 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Edith Weston to remain encouraging a chancel search and or insurance against a claim.
Due to the encouragement of my in-laws I had a survey completed on a property in Edith Weston in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may refuse to grant a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Edith Weston. Conveyancing may be slightly more expensive based on your lender's requirements.