I am progressing with the sale of my house in South Woodham Ferrers and the estate agent has just called to warn that the buyers are swapping law firm. I am told that this is due to the fact that the mortgage company will only work with property lawyers on their approved list. Why would a big named mortgage company only engage with specific solicitors rather the firm that they want to choose to handle their conveyancing in South Woodham Ferrers ?
Lenders have always had an approved set of law firms they are content to work with, but in the past few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Lending institutions point to the increase in fraud by way of justification for the pruning – criteria have been narrowed 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. Some 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 purchasers are not going to have any sway in the decision.
In the event thatI was to buy a simple residential homein South Woodham Ferrers mortgage fee and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in South Woodham Ferrers?
The only saving you would achieve is the disbursement for searches. A lawyer is required to do the vast majority of work - money laundering, correspond with your sellers conveyancer, SDLT return, register the title etc. A marginal saving might be made by not having to register a mortgage however it will not be significant.
Can I use your services to locate a Conveyancing solicitor in South Woodham Ferrers even if I’m not purchasing or disposing of a house, for example where I wish to acquire an office in South Woodham Ferrers with a mortgage from Barnsley Building Society?
The service is primarily used to find domestic conveyancing solicitors in South Woodham Ferrers but we have listed towards the bottom of this page a few South Woodham Ferrers commercial conveyancing firms. You will need to speak with the company directly to see if they are also authorised to represent Barnsley Building Society
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to instruct their panel solicitor as I would much rather appoint a South Woodham Ferrers based conveyancing firm?
You should check but the chances are that give you one of their panel conveyancers if you want the "fee-free" offer. Speak to the lender and see if they offer you a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near South Woodham Ferrers.
I require fast conveyancing in South Woodham Ferrers as I am faced with a deadline to exchange contracts inside one month. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you are at free not to have searches carried out although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in South Woodham Ferrers the following are examples of what can arise and adversely impact market value: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
Our solicitor in South Woodham Ferrers has identified a a problem with the lease for the apartment we are purchasing in South Woodham Ferrers. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that as he is on the mortgage company conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the mortgage company?
Just because you have a mortgage offer from the lender does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your South Woodham Ferrers conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the lender are the client. The appropriate lender requirements must be adhered to by the bank conveyancing panel who has to balance acting for you and the lender