I am selling my home in Kegworth and the EA has just telephoned to say that the purchasers are swapping law firm. I am told that this is due to the fact that the bank will only engage with solicitors on their conveyancing panel. Why would a major lender only work with certain solicitors rather the firm that they want to select for their conveyancing in Kegworth ?
Banks have always had an approved set of law firms that can represent them, but in recent years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 15 years.
Lending institutions point to the increase in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to maintain. 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. The buyers are unlikely to have any sway in the decision.
My fiancee and I are purchasing our first home. Our lawyer has calledto ask if we wish to order additional conveyancing searches. Unfortunately we in the dark as to what's needed for conveyancing in Kegworth
The range of Kegworth conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your knowledge of the region and risks, your general approach to risk. What matters is that you adequately understand what information each search could supply. You may then decide if you consider that you need that information. Should you be unsure, ask the conveyancer to explain.
We are looking to buy a flat and require a conveyancing solicitor in Kegworth who is on the Lloyds solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Kegworth.
I am refinancing my property in Kegworth, does my lawyer need to be on the Lloyds Conveyancing panel?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
We are due to move property in November. Will my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you recommend a removal company in Kegworth. Conveyancing firm was organised prior to coming across your page.
On the afternoon of completion you will need to pick up the house keys from the estate agent but this can only happen when the sellers solicitors confirm to the agent that the monies to complete are in and the keys can be passed over. After that you will need to inform the removal men that they can start moving you in. We do not suggest a particular removal organisation but can help you find a residential property solicitor in Kegworth or a lawyer that specialises in conveyancing in Kegworth.
My wife and I are at the point of viewing apartments in Kegworth and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Leeds Building Society.
It would be sensible to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are seeking a mortgage with Leeds Building Society, ask your prospective lawyers if they are on the Leeds Building Society conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat in Kegworth. I have a mortgage offer with RBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with RBS, you will need to appoint a solicitor on the RBS conveyancing panel.
We are intent on selling our home in Kegworth and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any high street Kegworth lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using a web based conveyancing practice as opposed to a conveyancing solicitor in Kegworth. Having lived in Kegworth for many years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)