Why do I have to pay up front when it comes to conveyancing in Banstead?

If you are buying a property in Banstead your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. When the down payment is payable against the purchase price then this will be required shortly prior to exchange of contracts. The final balance that is needed should be transferred shortly before completion.

Are all Banstead Conveyancing Quality Solicitors on the HSBC conveyancing panel?

Some major lenders now utilise the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of conveyancing solicitors.

When it comes to mortgage companies such as Virgin Money, do Banstead conveyancers incur a fee to be on the conveyancing panel?

We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.

It is unclear whether my mortgage offer requires a lease extension. I have called into my local Banstead building society branch on various occasions and was told it wasn't a problem and they would lend. My Banstead conveyancing solicitor - who is on the bank conveyancing panel- called and was told they refuse to lend in accordance with their specific requirements. I have no idea who is right.

Provided that the conveyancing practitioner is on the lender approved list, they must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.

I have been told that property searches are a common cause of obstruction in Banstead conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Banstead.

I used Stirling Law several years past for my conveyancing in Banstead. I now require my papers but cannot find the solicitor. What do I do?

You should 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 Banstead 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.

After what seems like an age a loan offer from a bank for the remortgage of my 2 bedroom maisonette is expected imminently. Could you suggest an efficient remortgage conveyancing solicitor in Banstead ?

This site is not designed to help in pursuit of the lowest fares for conveyancing in Banstead. We can offer you cost effective conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint companies offering low cost conveyancing in Banstead.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for extras and still not get the service you were hoping for.