I am one month into the sale of my flat in Thrapston and the estate agent has just telephoned to advise that the purchasers are appointing a new solicitor. I am told that this is due to the fact that the bank will only engage with solicitors on their conveyancing panel. On what basis would a leading mortgage company only work with specific solicitors rather the firm that they want to select to handle their conveyancing in Thrapston ?
UK lenders have always had panels of law firms that can act for them, but in recent years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for decades.
Lending institutions point to the increase in fraud by way of justification for the pruning – criteria have been tightened as a smaller panel is easier to keep an eye on. No lender will say 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 are unaware that 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 impact on this.
At what point can the exchange of contracts take place for purchase conveyancing in Thrapston and do I need to attend the lawyers office?
If you are near to our conveyancing solicitors in Thrapston you are invited in to sign contracts. That being said, the law practices we recommend supply countrywide coverage for conveyancing and give as equally detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not the critical part. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Thrapston)to be in the office available at the end of the phone to exchange contracts.
I need some fast conveyancing in Thrapston as I am under a deadline to sign on the dotted line within one month. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at liberty not to have searches carried out although no conveyancer would recommend that you don't. With lots of history conveyancing in Thrapston the following are examples of what can show up and adversely affect the marketability of the property: Enforcement Notices, Outstanding Fees, Outstanding Grants, Road Schemes,...
I am downsizing from my house. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Thrapston if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Thrapston. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am a couple of weeks into a freehold purchase having been recommend to solicitors by the estate agent to do our conveyancing in Thrapston. We are not happy. Can you help me find new conveyancers?
They would need to be really bad to suggest replacing them. Has your mortgage been generated? In the event that it has you must advise them of the new contact details and have the offer are issued to the new lawyers. Your new conveyancer should be on the mortgage company panel to avoid escalating charges and frustration. That should be your first question of the new conveyancers. The find a solicitor tool will assist you in finding a bank approved lawyer for your home move in Thrapston
Been searching for a lawyer for freehold sale conveyancing in Thrapston. We are selling, uncomplicated no mortgage to pay off, no rush, no onward purchase. Received a quote from a solicitor for nine hundred pounds excluding VAT which is a little steep given that its so straightforward. Can I pay less for conveyancing in Thrapston?
Considering it’s a sale only, £500 + VAT would be about the cheapest for sale conveyancing in Thrapston.