I can't travel far from Sonning Common. What is the rationale as to why all Sonning Common conveyancers aren't included on all mortgage company panels?
Lenders tend to impose restrictions on either the nature or the number of conveyancing solicitors on their approved list of lawyers. Frequent examples of such criteria being that the organisation must have two or more partners. In addition to restricting the nature of firm, some have made a decision to restrict the size of their panel they permit to represent them. You should note that lenders have no responsibility for the standard of conveyancing given by any Sonning Common solicitor on their approved list. Increases in mortgage fraud was the main trigger for the culling of conveyancing panels in the last decade notwithstanding that there are conflicting thoughts concerning whether solicitors sat at the center of that fraud. Data from HM Land Registry exposes that thousands of conveyancing organisations only transact less than three conveyances annually. Those advocating conveyancing panel pruning ask why law firms deserve claim to be listed on a conveyancing panel when clearly property law is not their speciality?
I require conveyancing for a flat in a fairly new development (6 years built) in Sonning Common. 95% of the flats have already been occupied. Do I need carry out the local searches as part of conveyancing in Sonning Common?
A big part of the Sonning Common conveyancing process is the conveyancing searches. There are a large number of companies delivering Sonning Common conveyancing searches, as well direct from the local authority. These are known collectively as personal search companies and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their data from the local authority.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Sonning Common. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/12/2024, the requirements read as follows :
Various internet forums that I have frequented warn that are the primary cause of stalling in Sonning Common conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Sonning Common.
I have been advised by a few selling agents in Sonning Common to select a solicitor using your seach tool. Is there a financial incentive for Estate Agents to offer your lawyers rather than alternative conveyancing organisations?
We refuse to make any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.