I can't travel far from Elmers End. Please explain the reason why all Elmers End property lawyers aren't included on all lender panels?
Lenders point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in banks and building societies purging less reputable firms from their books of approved lawyers .
Are the Elmers End conveyancing solicitors identified as being on the Coventry BS conveyancing panel, together with their details provided by Coventry BS?
Elmers End conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would prefer to appoint a specialised conveyancing solicitor in Elmers End?
You should check but the chances are that allocate you one of their panel conveyancers where you want the "fee-free" deal. Contact the bank to check if they allow a cash alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Elmers End.
It has been 4 months following my purchase conveyancing in Elmers End took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Hoping to buy a property located in Elmers End and I am already nervous. I couldn't find anything specific about Elmers End. Conveyancing will be needed in due course but do you know about the Elmers End area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Elmers End. In the meantime here are some basic statistics that we found
What is the reason for new build conveyancing in Elmers End being more expensive?
Conveyancing in Elmers End for recently converted or new build homes usually involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental questions and contractual considerations.