I am selling my flat in Havant and the EA has just e-mailed to say that the purchasers are appointing a new property lawyer. The reason given is that the mortgage company will only engage with solicitors on their approved list. On what basis would a big named lender only deal with certain solicitors rather the firm that they want to choose to handle their conveyancing in Havant ?
Banks have always had panels of law firms that can act for them, but in recent years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.
Lenders point to the increase in fraud as the reason for the cull – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to reveal 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. Some 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. The purchasers are not going to have any impact on this.
Is there a reason why leasehold purchase conveyancing in Havant costs more?
The conveyancing costs on a leasehold property in Havant is often more expensive than on a freehold property. This is due to the additional work required in corresponding with the freeholder and management company to collate the information concerning whether the rent and service fee have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
We're in Havant, First time buyers buying with a mortgage (lender is Leeds Building Society , and our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
There are a variety of conveyancing solicitors in Havant but how do I know who I should use?
We would encourage you not to go for the lowest Havant conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. 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 know exactly what you’ll have to pay in ahead of time.
We have agreed to purchase a house in Havant. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Leeds Building Society be concerned?
Given that your lender is Leeds Building Society your lawyer must check the conveyancing requirements contained in Section two of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook includes minimum conditions for solar panel roof-space leases, and lawyers are required to report to Leeds Building Society where a lease does not satisfy these specifications. The specifications relate to the installation of panels on properties countrywide and is not restricted to Havant.
The formalities of my purchase has taken place for my property in Havant. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial property in Havant?
Many commercial conveyancing solicitors in Havant will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Havant. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Havant.
For each commercial conveyancing transaction in Havant it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Havant commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Havant.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Havant?
At this site receive a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Havant. Unlike many estate agents and brokerage sites we do not charge firms a commission if you select them for your property ownership legalities in Havant