I am in the process of selling my ground floor flat in Fairbourne and the EA has just text me to warn that the purchasers are appointing a new conveyancer. The excuse is that the lender will only work with property lawyers on their conveyancing panel. On what basis would a major mortgage company only engage with certain law firms rather the firm that they want to appoint to handle their conveyancing in Fairbourne ?
UK lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for decades.
Lenders attribute this action to a rise in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to oversee. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any impact on this.
We are looking to buy a flat and need a conveyancing solicitor in Fairbourne who is on the Bank of Ireland approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in Fairbourne.
I am buying a property and require a conveyancing solicitor in Fairbourne who is on the Nottingham Building Society conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nottingham Building Society in certain locations such as Fairbourne. We dont recommend any particular firm.
Given that I will soon spend over three hundred thousand on a two bedroom apartment in Fairbourne I would like to have a conversation with the lawyer about myconveyancing ahead of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be doing your property ownership legalities in Fairbourne.There is no ‘factory style conveyancing’ - each client is unique person, not a file reference. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Fairbourne should be the figure that you end up paying.
Should I appoint a Fairbourne conveyancing practitioner in close proximity to the house I am hoping to buy? An old friend can deal with the legal work but her office is approximately 350kilometers away.
The primary upside of using a high street Fairbourne conveyancing practice is that you can attend the office to sign documents, hand in your ID and pester them if necessary. Having local Fairbourne know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and they were content that must surpass using an unfamiliar Fairbourne conveyancing solicitor solely due to them being Fairbourne based.