Unfortunately I am unable to travel far from Tyne And Wear. What is the rationale as to why all Tyne And Wear conveyancing practitioners aren't included on all bank panels?
Lenders highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The elimination 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 triggered a major policy change in the sector. This led to banks and building societies culling a number of firms from their panel of approved lawyers .
It is is a decade since I acquired my house in Tyne And Wear. Conveyancing solicitors have just been appointed on the sale but I am unable to track down my title deeds. Is this a problem?
Don’t worry too much. First the deeds may be retained by the lender or they may still be with the lawyers who oversaw the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring up to date copy of the land registers. Almost all conveyancing in Tyne And Wear relates to registered property but in the rare situation where your property is unregistered it is more problematic but is not insurmountable.
I decided to have a survey carried out on a property in Tyne And Wear before appointing lawyers. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks will refuse to grant a mortgage on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tyne And Wear. Conveyancing will be smoother if you use a solicitor in Tyne And Wear especially if they are familiar with such properties in Tyne And Wear.
I am looking to sell my home. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in Tyne And Wear if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Tyne And Wear. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
What is the reason for my conveyancing practitioner requiring a list of items of ID ahead of starting my conveyancing in Tyne And Wear?
Tyne And Wear property lawyers are required by the Law Society, Solicitors Regulation Authority, the Land Registry and current Money Laundering legislation to record that the have verified the identity of their clients. It is also sometimes a condition of your lender if you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have information such as your full names, NI number and DOB.