I can't travel far from Romiley. Please clarify why all Romiley conveyancers aren't included on all lender panels?
Mortgage companies point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in lenders purging a number of firms from their official list of approved conveyancing practitioners .
I had intended to instruct a property lawyer in Romiley for our house move. Our broker has since notified us that our bank Godiva Mortgages Ltd won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company can insist on an approved solicitor act for it. Borrowers are expected to bear the cost of this. Do use our search facility to find a solicitor to conduct conveyancing in Romiley on the Godiva Mortgages Ltd approved list of solicitors.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Romiley is where the house is located. Is there any advice you can impart?
Flying freeholds in Romiley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Romiley you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Romiley may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm refinancing my current home to a BTL mortgage with Clydesdale and I will use the rest of the raised equity as a down payment on another property. The location we are talking about is Romiley. Will your solicitors be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our comparison tool on this site to be sure that the lawyers are on the appropriate lender panels. Assuming that they are the solicitor will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and communicate your expectations and needs.
Am I better off to go with a Romiley conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can execute the conveyancing however his firm is located 400miles drive away.
The benefit of a local Romiley conveyancing firm is that you can attend the office to execute documents, hand in your ID and apply pressure on them where appropriate. Having local Romiley know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that must trump using an unknown Romiley conveyancing lawyer just because they are local.