I am progressing with the sale of my maisonette in Leighton Buzzard and the EA has just text me to say that the buyers are appointing a new conveyancer. I am told that this is due to the fact that the lender will only engage with solicitors on their conveyancing panel. Why would a leading lender only engage with specific solicitors rather the firm that they want to appoint for their conveyancing in Leighton Buzzard ?
Lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.
Lending institutions blame a rise in fraud as the reason for the reduction – criteria have been tightened 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. Plenty of firms do not even realise 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 impact on this.
we are a couple who are hoping to buy a purpose built flat in Leighton Buzzard with a homeloan from Norwich and Peterborough Building Society.We like our Leighton Buzzard conveyancing lawyer but Norwich and Peterborough Building Society informed us his firm is not listed on their approved list of firms. It seems we are left with no choice but to instruct a Norwich and Peterborough Building Society panel solicitor or keep our preferred solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The loan issued to you contains terms and conditions, one of which will be that conveyancers must be on the Norwich and Peterborough Building Society approved list. Until recently, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
I need some expedited conveyancing in Leighton Buzzard as I am under an ultimatum to exchange contracts in less than one month. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at liberty not to do searches although no law firm would suggest that you don't. With plenty of history conveyancing in Leighton Buzzard the following are examples of what can show up and therefore impact the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I used Action Conveyancing a few years past for my conveyancing in Leighton Buzzard. Now, I need my files however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Leighton Buzzard of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
What makes your site different to other online quote calculators when it comes to conveyancing in Leighton Buzzard?
At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Leighton Buzzard. As opposed to estate agents and brokerage sites we do not operate referral deals with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the most kickback, as opposed to the best value conveyancing in Leighton Buzzard
My mother purchased her house in Leighton Buzzard in 2007. She has got married, divorced and in recent months got married again. She wishes to market the house in a few months. I suspect that she will simply be requested to supply copies of her marriage papers to the solicitor however she is concerned it could delay the conveyancing. Is it worth updating the title information for the property?
The is no need to update the register providing you have the proof needed to show how the name change has come about.
The purchaser’s solicitor will check the land registry information and requisition evidence to prove the name change for instance marriage documentation.