I am not well enough to travel far from Stony Stratford. Is there a reason why all Stony Stratford lawyers are not on all bank panels?

Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. It led to mortgage companies purging less reputable firms from their panel of approved property lawyers .

As someone unfamiliar with conveyancing in Stony Stratford what is the number one tip you can give me concerning the home moving process in Stony Stratford

You may not hear this from too many lawyers but conveyancing in Stony Stratford and elsewhere in Buckinghamshire is often a confrontational process. Put another way, when it comes to conveyancing there is lots of opportunity for confrontation between you and other parties involved in the legal transfer of property. For instance, the vendor, selling agent and on occasion a mortgage company. Choosing a lawyer for your conveyancing in Stony Stratford should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the legal process whose responsibility is to look after your best interests and to keep you safe.

We are witnessing a definite ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor above the other players in the home moving process.

Please help - my lawyer advises that restrictive coveneant insurance is necessary on my purchase. What is the level of cover for Stony Stratford conveyancing?

The appropriate level of restrictive coveneant indemnity insurance depends on your lender. It would differ for example between Santander and Barnsley Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.

Is it correct that all Stony Stratford CQS (Conveyancing Quality Scheme) solicitors are on the Skipton conveyancing list of approved practices?

Some major banks and building societies now make use of the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.

I'm in the throws of viewing apartments in Stony Stratford and I am about to put in an offer. Should I already have a conveyancing practitioner in place at this stage? I am planning to take a mortgage with Leeds Building Society.

It would be advisable to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are taking out a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.

The estate agent has sent us the confirmation of our purchase of a new build apartment in Stony Stratford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Stony Stratford

Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.

How do I use your search facility to find a conveyancing solicitor in Stony Stratford on the approved list for my mortgage?

1st select a mortgage company such as Accord Mortgages Ltd, Skipton Building Society or Clydesdale then type in your location for example Stony Stratford. Conveyancing firms in Stony Stratford and beyond will then be identified.