I am not well enough to travel far from Ealing. I would like to know the understand why all Ealing lawyers aren't automatically on all mortgage company panels?
A decade ago most mortgage companies displayed an attitude to risk which is different than today. The financial regulator in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the property lawyers on your panel. As a result, mortgage companies have subsequently looked to extract more data from law firms concerning their operations and the staff employed by them and set certain criteria such as completing a minimum volume of transactions. Thousands of firms have been removed from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the minimum amount of transactions the lenders required.
Why is leasehold purchase conveyancing in Ealing costs more?
Ealing leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
We are selling our house in Ealing. Does the conveyancing practitioner need to be required to be on the Santander conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Have completed on a a detached house in Ealing , how long will it take for the Land Registry to register my title? My Ealing conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are dealt with.
As far as conveyancing in Ealing is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can differ according to the party submitting the application, whether it is in order and whether the Land registry communicate with any other parties. Currently in the region of 80% of such applications are fully dealt with in less than three weeks but some can be subject to protracted delays. Registration occurs once the purchaser is living at the premises thus registration formalities is not typically an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer could communicate with the Registry to express the reasoning for the application to be prioritised.
I was pointed in your direction by a couple of local property agents in Ealing to select a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to market your site over alternative conveyancing organisations?
We don’t offer any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.