Unfortunately I am unable to travel far from Drakes Cross. What is the rationale as to why all Drakes Cross conveyancers are not on all lender panels?
Banks highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in mortgage companies culling a number of firms off their books of approved lawyers .
Can I use your services to find a Conveyancing solicitor in Drakes Cross even if I’m not purchasing or selling a house, for instance where I want to buy a shop in Drakes Cross with a mortgage from Halifax?
The service is predominantly used to find residential conveyancing solicitors in Drakes Cross but we have set out towards the end of this page some Drakes Cross commercial conveyancing firms. You should speak with the firm directly to see if they can also act for Halifax
We're in Drakes Cross, FTBs purchasing with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Various web forums that I have come across warn that are the main cause of hinderance in Drakes Cross house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Drakes Cross.
My cousin has recommend that I instruct his conveyancing solicitors in Drakes Cross. Do I follow his recommendation?
No doubt it’s preferable to select a conveyancing solicitor is to seek referrals from friends or relatives who have actually experience in using the solicitor you're considering.