I am one month into the sale of my ground floor flat in Wolverton and the EA has just e-mailed to advise that the purchasers are swapping law firm. The excuse is that the mortgage company will only work with solicitors on their approved list. Why would a big named mortgage company only work with certain lawyers rather the firm that they want to choose to handle their conveyancing in Wolverton ?
Banks have always had an approved set of law firms that can act for them, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Lenders point to the increase in fraud as the reason for the cull – criteria have been stiffened as a smaller panel is easier to oversee. Banks tend not to disclose 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. Some do not even realise 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 sway in the decision.
Completed the sale of my flat in Wolverton last April yet the purchaser is texting daily complaining that her solicitor is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Post completion of your sale your lawyer should forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your solicitor should also confirm that the legal charge in favour of the lender has been discharged to the purchasers conveyancers. There are no post completion requirements just for conveyancing in Wolverton.
Due to the advice of my in-laws I had a survey completed on a property in Wolverton in advance of instructing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will not grant a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wolverton. Conveyancing will be smoother if you use a solicitor in Wolverton especially if they are accustomed to such properties in Wolverton.
Is it possible to transfer to a new solicitor as I have to instruct a firm on the HSBC Bank conveyancing panel. I had appointed a high street conveyancing solicitor in Wolverton round the corner but the firm is not accepted by HSBC Bank
It would be our pleasure to assist you find a conveyancing solicitor in Wolverton on the HSBC Bank panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Wolverton. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Wolverton.
As co-executor for the estate of my uncle I am disposing of a property in Swansea but reside in Wolverton. My solicitor (who is 250 kilometers awayneeds me to execute a statutory declaration ahead of completion. Can you recommend a conveyancing solicitor in Wolverton to witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Wolverton based