I am selling my ground floor flat in Great Linford and the EA has just e-mailed to say that the buyers are appointing a new law firm. The excuse is that the lender will only engage with solicitors on their approved list. Why would a big named mortgage company only deal with specific lawyers rather the firm that they want to appoint to handle their conveyancing in Great Linford ?
Mortgage companies have always had an approved set of law firms that can represent them, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.
Lenders point to the increase in fraud as the reason for the reduction – criteria have been tightened as a smaller panel is easier to monitor. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.
Would the conveyancing practitioners identified via your search tool execute auction conveyancing in Great Linford?
We know of a few auction solicitors we can put you in touch with those conducting auction conveyancing. Great Linford is one of our locations in which our lawyers have offices.
If you had a top tip for selecting a conveyancing solicitor in Great Linford what would it be?
We would encourage you not to go for the lowest Great Linford conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My partner and I are spending time viewing flats in Great Linford and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Nationwide.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are getting a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Great Linford building society branch on various occasions and was advised it wasn't an issue and they will lend. My Great Linford conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend in accordance with their published requirements. I simply don't know who is right.
Your solicitor must follow the Council of Mortgage Lenders’ Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I need some fast conveyancing in Great Linford as I am under pressure to sign on the dotted line inside 2 weeks. Thankfully I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a cash purchaser you have the choice not to have searches conducted although no solicitor would suggest that you don't. Drawing on years of experience of conveyancing in Great Linford the following are examples of what can be revealed and adversely impact market value: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
I need to find a conveyancing solicitor for residential conveyancing in Great Linford. I've stumble across a web site which seems to have the ideal offering If it is possible to get all formalities done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My folks are experiencing problems in finding their Great Linford land registry title on the website. They recall that 50 years ago when they purchased the house there were complications with the address not being recognised in some systems.
The vast majority of premises in Great Linford should show up. Have you tried a search with just the postcode. Normally it should reveal all the houses and flats inside the postcode. Assuming the property is registered it will be there with a title number. Where they bought back in the 70’s it's conceivable it may be unrecorded. The address may still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s lender.