I am selling my house in Shooter's Hill and the EA has just called to advise that the buyers are switching conveyancer. The reason given is that the bank will only deal with property lawyers on their approved list. On what basis would a leading lender only work with specific lawyers rather the firm that they want to appoint to handle their conveyancing in Shooter's Hill ?
Mortgage companies 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 Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for over 25 years.
Lending institutions point to the increase in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that 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 buyers are not going to have any impact on this.
I am getting closer to an exchange on a property in Shooter's Hill and my parents have sent the exchange deposit to my conveyancing practitioner. I am now informed that as the deposit has not arrived from me my conveyancer needs to make a notification to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The conveyancing practitioner is obliged to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Can your site be used to locate a Conveyancing solicitor in Shooter's Hill even if I’m not buying or selling a house, for instance where I intend to buy an office in Shooter's Hill with a mortgage from Birmingham Midshires?
Our search tool is primarily utilised to help choose residential conveyancing solicitors in Shooter's Hill but we have set out at the end of this page a few Shooter's Hill commercial conveyancing firms. You will need to enquire with the company directly to check if they are also authorised to represent Birmingham Midshires
Just bought a detached house in Shooter's Hill , how long will it take for the Land Registry to deal with the formalities evidencing my title? My Shooter's Hill conveyancing solicitor has been very slow, so I want to be sure the land registry aspects are concluded.
There is nothing unique about conveyancing in Shooter's Hill registration formalities. Rather than based on location, timescales can vary depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any 3rd parties. As of today in the region of 80% of submission are fully dealt with in less than three weeks but occasionally there can be protracted hold-ups. Registration is effected once the buyer has moved in to the property therefore 'speed' is not usually top priority but where it is urgent that the the registration takes place urgently then you or your solicitor can contact the land registry and explain the circumstances.
What does commercial conveyancing in Shooter's Hill cover?
Non domestic conveyancing in Shooter's Hill covers a wide array of guidance, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.