I am not well enough to travel far from Grassendale. What is the rationale as to why all Grassendale solicitors aren't included on all mortgage company panels?
Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination 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 conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This led to banks and building societies pruning a number of firms from their books of approved property lawyers .
Our lender has recommended a law firm on their panel based in Grassendale but I would rather choose a conveyancing lawyer in Grassendale round the corner to me. Are you able to assist?
The minority of Grassendale conveyancing practices are approved and listed on all lender’s conveyancing panel. Do make the most of our find an approved solicitor tool to choose a Grassendale conveyancing solicitor on the on the lender panel.
Just acquired a terraced house in Grassendale , What is the estimated time for the Land Registry to register the transfer to my name? My Grassendale conveyancing solicitor works at snail pace, so I want to check that my purchase is recorded.
As far as conveyancing in Grassendale is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. At present roughly 80% of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Registration is effected once the buyer has moved in to the property therefore an expedited registration is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Grassendale differ for new build properties?
Most buyers of new build property in Grassendale contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Grassendale typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Grassendale or who has acted in the same development.
I opted to have a survey done on a house in Grassendale before instructing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some banks may refuse to give a loan on such a house.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. If you call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Grassendale. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother-in-law has suggested I instruct a conveyancing solicitor in Grassendale. I I would like to check if they are listed on the lender's conveyancing panel. Could you assist?
It’s a good idea phone the solicitor and ask them if they are on the bank's approved list. If that does not help get in touch with us and we can make some checks for you. If they are not on the lender panel we can certainly arrange a specialist conveyancing solicitor in Grassendale on the approved list for your mortgage company.