I can't travel far from Upney. Please clarify why all Upney conveyancers are not on all bank panels?
Banks ordinarily restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. A common example of such criteria being that a organisation must have at least two partners. As well as restricting the type of firm, some lenders decided to restrict the number of organisations they use to represent them. You should note that banks have no liability for the standard of conveyancing provided by any Upney lawyer on their approved list. Property fraud was the key driver in the reduction of conveyancing panels from 2008 even though there are contrary points of view about whether solicitors sat at the center of that fraud. Statistics via the Land Registry reveal that thousands of law organisations only conduct one or two conveyances annually. Those advocating conveyancing panel pruning ask why law firms deserve any entitlement to remain on a conveyancing panel when clearly conveyancing is not their speciality?
We note that you have a search directory listing law firms on the Leeds Building Society conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Upney?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Upney.
My brother-in-law has suggested I instruct a conveyancing solicitor in Upney. I need to find out if they are accepted on the Coventry Building Society approved list of lawyers. Could you assist?
The first thing you should do is contact your conveyancer and ask them whether they can act for the lender. Alternatively you should call Coventry Building Society who may be able to assist.
We are purchasing a apartment in Upney. It might be a silly question but how we can trust a solicitor? At some point we have to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My wife and I buying a 4 bedroom semi-detached house in Upney. Our aim is to carry out a loft conversion at the property.Will the conveyancing process include investigations to ascertain if these works are prohibited?
Your property lawyer should check the registered title as conveyancing in Upney can sometimes reveal restrictions in the title deeds which prohibit categories of works or require the consent of another owner. Certain extensions call for local authority planning permissions and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these things with a surveyor prior to committing yourself to a purchase.
I recently had an offer accepted on an apartment in Upney. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. A few days later, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I'm buying my first flat in Upney with a loan from Barnsley Building Society. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not to tell my lawyer about this side-deal as it would impact my loan with Barnsley 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.
Due to the advice of my in-laws I had a survey completed on a property in Upney before appointing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend not issue a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Upney. Conveyancing will be smoother if you use a solicitor in Upney especially if they regularly deal with such properties in Upney.