I can't travel far from North Finchley. Can you please clarify why all North Finchley conveyancers are not on all lender panels?
Banks point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in mortgage companies culling less reputable firms off their official list of approved lawyers .
We wanted to use a property lawyer in North Finchley for our home move. Our financial adviser informed us that our bank The Mortgage Works won't deal with them. Surely this is unfair competition?
A mortgage company can require an approved conveyancer act for it. You would be expected to bear the charges for this. Try using our search facility to get a quote from a solicitor to conduct conveyancing in North Finchley on the The Mortgage Works member panel.
Is it the case that all North Finchley solicitors on the Barclays conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Barclays approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some mortgage companies do permit licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
I am expecting a OIP from HSBC this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any North Finchley solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint North Finchley solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I am selling my apartment. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, HSBC are being difficult. The North Finchley solicitor who is on the HSBC conveyancing panel is happy to accept ‘lack of building regulation’ insurance but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I require fast conveyancing in North Finchley as I am faced with a deadline to complete inside one month. Luckily I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in North Finchley the following are instances of issues that can be revealed and therefore affect future mortgageability: Enforcement Actions, Outstanding Fees, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly identified during conveyancing in North Finchley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in North Finchley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Can a conveyancer remove a person from the title of my home in North Finchley ?
Removing or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor