I am not well enough to travel far from Shadwell. I would like to know the understand why all Shadwell property lawyers aren't automatically on all mortgage company panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in mortgage companies purging a number of firms from their books of approved conveyancing practitioners .
We are purchasing a flat and need a conveyancing solicitor in Shadwell who is on the Yorkshire BS conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Shadwell.
Can you point me to a directory of Santander panel conveyancers in Shadwell on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few banks make their panel listings visible on the web. If you are looking for a Shadwell property lawyer on the Santander please make the most of our facility.
We were going to get a DIP from Co-operative this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Shadwell solicitors on the Co-operative conveyancing panel, or is it better to go independently?
You will need to appoint Shadwell solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
My wife and I are at the point of looking at flats in Shadwell and I am about to put in an offer. Is it best to have my lawyer on ‘stand by’? I intend to finance via a mortgage with Coventry BS.
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 details on to the selling agent. As you are getting a mortgage with Coventry BS, ask your prospective lawyers if they are on the Coventry BS conveyancing panel otherwise they can't do the mortgage legal work.
We are buying a property and the solicitor has referenced Chancel Repair to which the property could be liable as it falls into the area of such a church. She has suggested insurance. Is this strictly necessary for conveyancing in Shadwell
Unless a prior purchase of the premises completed after 12 October 2013 you could assume that solicitors carrying out conveyancing in Shadwell to remain recommending a chancel search and or chancel repair liability insurance.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who handled the conveyancing in Shadwell 10 years ago have long since closed. What are my next steps?
As long as you have a registered title the details of your proprietorship will be recorded by the Land Registry with a Title Number. It is possible to execute a search at the Land Registry, locate your house and get current copies of the Registered Entries for less than a fiver. Where the title is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
Due to the input of my in-laws I had a survey completed on a property in Shadwell prior to appointing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some lenders will not grant a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shadwell. Conveyancing will be smoother if you use a solicitor in Shadwell especially if they are familiar with such properties in Shadwell.