I can't travel far from Ventnor. Can you please spell out why all Ventnor solicitors are not on all mortgage company panels?
Mortgage Companies tend to restrict either the nature or the number of conveyancing solicitors on their panel. Frequent examples of such criteria being that the firm is required to have two or more partners. As well as restricting the type of firm, some banks made a decision to restrict the number of conveyancers they permit to represent them. It is worth noting that building societies have no accountability for the quality of service given by any Ventnor property lawyer on their approved list. Increases in mortgage fraud was the key driver in the culling of conveyancing panels from 2008 even though there are differing thoughts about whether solicitors sat at the center of that fraud. Data via HMLR indicates that thousands of law practices only transact a couple of conveyances a year. Those vindicating conveyancing panel cuts question why law firms deserve claim to remain on a conveyancing panel when clearly conveyancing is not their primary expertise?
Will conveyancers ask for money up-front when it comes to conveyancing in Ventnor?
If you are buying a property in Ventnor your solicitor will ask you put them with funds to cover the search fees. Ordinarily this is requested to cover the fees of the Local Authority Search. When the deposit is payable against the total price then this should be needed shortly in advance of contracts are exchanged. Any further balance that is needed should be sent to your lawyer shortly before completion.
There are a variety of conveyancing solicitors in Ventnor but how do I know who's good?
Do not opt for the cheapest Ventnor conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Are all Ventnor Conveyancing Quality Solicitors on the Kent Reliance conveyancing list of approved practices?
Some major banks and building societies now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
We had chosen solicitors located in Ventnor on the Co-operative solicitor panel. They are now charging me a separate charge for dealing with the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancing practitioner can charge a fee for this. This fee is not dictated by Co-operative but by your Ventnor conveyancing practitioner. Numerous firms on the Co-operative panel will charge an ‘acting for lender’ fee and others do not.
I used Arc property Solicitors a few years ago for my conveyancing in Ventnor. I now require my file however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Ventnor of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Are there any apps to help identify a Ventnor law firm on the Santander conveyancing panel? I am a keen cyclist and am willing to travel upto 25miles to meet the conveyancer.
You can use the facility on this website. Please choose the bank and your location and you will see a number of Ventnor conveyancing lawyers based on proximity. We have detailed some Ventnor conveyancing firms towards the end of this page and you can call them to check if they are on the Santander member panel
My brother is purchasing a basement flat in Ventnor. He was given a quote by the property lawyer recommended by the selling agents and it came to £1385 . It was 7 years ago since I sold and bought a house and it cost was £500. Have fees really escalated to that extent?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Ventnor searches, land registry fees, etc)