I am progressing with the sale of my maisonette in Kingstanding and the estate agent has just called to warn that the purchasers are switching property lawyer. I am told that this is due to the fact that the bank will only deal with property lawyers on their approved list. On what basis would a big named lender only deal with specific law firms rather the firm that they want to appoint for their conveyancing in Kingstanding ?
UK lenders have always had panels of law firms they are willing to work with, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.
Banks point to the increase in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to monitor. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms 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 unlikely to have any sway in the decision.
We are purchasing a house and require a conveyancing solicitor in Kingstanding who is on the Coventry BS 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 Coventry BS . We don't recommend any particular firms conducting conveyancing in Kingstanding.
I am buying a right to buy a flat in Kingstanding. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Kingstanding you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Kingstanding.
I decided to have a survey done on a house in Kingstanding before instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend not grant a loan on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kingstanding. Conveyancing may be slightly more expensive based on your lender's requirements.
My cousin has recommend that I use his conveyancing solicitors in Kingstanding. Do I take his guidance?
Much as we are happy to recommend a Kingstanding conveyancing lawyer the ideal way to find a conveyancing lawyer is to get referrals from friends or relatives who have actually previously instructed the solicitor that you are considering.