Unfortunately I am unable to travel far from Enfield Town. Please clarify why all Enfield Town property lawyers are not on all bank panels?
Pre- 2008 most banks exhibited an approach to risk which is different than today. The financial regulator in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the property lawyers on your panel. As a result, mortgage companies have since requiredmore data from law firms regarding their operations and the individuals who work for them and set certain criteria such as completing a minimum number of transactions. Hundreds of law practices have been excluded from lender panels even though they had 100% healthy disciplinary 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 mortgage companies insisted on.
I am selling my home in Enfield Town. Does the conveyancing practitioner have to be on the Santander conveyancing panel in order to deal with paying off 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 conditions fairly frequently at the moment.
The deeds to our home are lost. The lawyers who dealt with the conveyancing in Enfield Town 4 years ago no longer exist. What are my options?
Nowadays there are duplicates made of almost everything, and your conveyancer will know exactly where to locate all the appropriate paperwork so you can purchase or sell your property without any difficulty. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.
My husband and I are FTB’s - had an offer accepted, but the selling agent advised that the seller will only move forward if we instruct the agent's recommended conveyancers as they need a ‘quick sale’. We would rather use a local solicitor accustomed to conveyancing in Enfield Town
We suspect that the seller is not behind this request. If they want ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Try to communicate with the vendors directly and explain that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to appoint your own,trusted Enfield Town conveyancing firm - rather thanthe ones that will give the estate agent a commission or hit his conveyancing thresholds demanded by corporate headquarters.
What type of property do your Enfield Town conveyancing estimates relate to?
Our conveyancing quotes are only relevant to standard domestic property in England & Wales. Should you have any different needs for example industrial or agricultural property or commercial conveyancing in Enfield Town please telephone us to address this further .