I am nearing exchange of contracts for my maisonette in Whiteley and the estate agent has just called to warn that the buyers are changing their solicitor. The excuse is that the mortgage company will only work with solicitors on their conveyancing panel. On what basis would a big named lender only work with certain law firms rather the firm that they want to choose for their conveyancing in Whiteley ?
Banks have always had an approved set of law firms that can act for them, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Mortgage companies point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to oversee. Banks tend not to reveal 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 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 buyers are unlikely to have any sway in the decision.
Would the conveyancing lawyers via your comparison service execute attended exchange conveyancing in Whiteley?
We do have a number of conveyancing experts who can conduct 24hr exchanges. You should call us to get a fee calculation and details as to availability.
Various online forums that I have come across warn that are the primary reason for delay in Whiteley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Whiteley.
I have recentlydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Whiteley for a purchase of a leasehold flat 10 months ago. How can I establish that the property is in my name in the name of the previous owner?
The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Whiteley conveyancing specialists.
How does conveyancing in Whiteley differ for newly converted properties?
Most buyers of new build residence in Whiteley contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Whiteley typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Whiteley or who has acted in the same development.
My husband and I are 14 days into a freehold purchase having been referred to solicitors by the local agent to carry out the conveyancing in Whiteley. We are not happy. Can you you assist me in finding new lawyers?
A solicitor would need to be really bad in order to consider diss instructing them. Has your loan offer been sent? In the event that it has you must make them aware of the new solicitor and have the loan are issued to the new lawyers. Your new conveyancer should be on the lenders approved list to avoid escalating expenses and complications. So that should be your starting point. The find a solicitor tool will help you find a bank approved conveyancer for your home move in Whiteley