I was told today by my broker that my Wellesbourne the law firm I have appointed is not on the bank Conveyancing panel. How can I check?

The first thing you need to do is to call your Wellesbourne conveyancer. You lawyer should advise you what has happened. If they are not on the panel they may be able to suggest a Wellesbourne conveyancing firm that is on the approved list of lawyers for your mortgage company.

How does conveyancing in Wellesbourne differ for new build properties?

Most buyers of new build property in Wellesbourne contact us having been asked by the seller to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in Wellesbourne typically buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Wellesbourne or who has acted in the same development.

I have been recommended by a number of estate agents in Wellesbourne to locate a solicitor on your site. Is there a financial inducement for Estate Agents to market your lawyers over and above another?

We refuse to make any referral fee for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.

We are a couple of weeks into a freehold purchase having been directed to conveyancers by the selling agent to execute conveyancing in Wellesbourne. We are not happy. Could you you assist me in finding new solicitors?

They would have to be very poor to suggest changing them. Has the mortgage been issued? In the event that it has you must make them aware of the replacement lawyer and have the mortgage documents are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company approved list to avoid escalating costs and delays. That should be your starting point. Our find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in Wellesbourne

Do I cancel the direct debit for my mortgage with Coventry BS once a completion date for my home sale in Wellesbourne has been agreed?

You are best advised to continue meeting any mortgage payments to Coventry BS until the mortgage is discharged on completion as part of your Wellesbourne conveyancing.