I am selling my apartment in Ramsey and the estate agent has just called to warn that the buyers are appointing a new property lawyer. The excuse is that the bank will only engage with property lawyers on their conveyancing panel. On what basis would a big named mortgage company only deal with specific law firms rather the firm that they want to select for their conveyancing in Ramsey ?
UK lenders have always had panels of law firms they are content to work with, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.
Banks point to the increase in fraud by way of justification for the cull – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices 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. Your buyers are not going to have any sway in the decision.
Can I use your services to recommend a Conveyancing solicitor in Ramsey even where I’m not buying or disposing of a house, for instance where I intend to acquire an office in Ramsey with a mortgage from Barclays ?
Our search tool is mainly used to find residential conveyancing solicitors in Ramsey but we have recorded at the bottom of this page a few Ramsey commercial conveyancing firms. You should speak with the firm directly to establish if they are also authorised to represent Barclays
I am buying a semi-detached house in Ramsey. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Ramsey you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Ramsey.
I am buying my first flat in Ramsey with a mortgage from Skipton Building Society. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about the side-deal as it could put at risk my mortgage with Skipton Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Taking into account that I am about to part with 450k on a property in Ramsey I would like to talk to a lawyer regarding theconveyancing before giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - we would be happy to talk to you we do not take any clients on without you speaking to the lawyer due to be doing your conveyancing in Ramsey.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Ramsey should be the figure that you end up paying.
I am purchasing a property and need a conveyancing solicitor in Ramsey who is on the bank solicitor panel. Can you recommend a Ramsey or local Ramsey conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who conduct conveyancing in Ramsey. We dont recommend any particular solicitor.