I can't travel far from Empingham. What is the rationale as to why all Empingham solicitors are not on all mortgage company panels?
Lenders highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The removal 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 lenders to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in mortgage companies purging a number of firms off their panel of approved solicitors .
We are purchasing a house and require a conveyancing solicitor in Empingham who is on the Coventry BS approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Empingham.
My wife and I purchased a renovated Victorian house in Empingham. Conveyancing practitioner acted for me and Yorkshire Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Yorkshire Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Empingham and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing lawyer who conducted the purchase.
Due to the encouragement of my in-laws I had a survey completed on a house in Empingham ahead of instructing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor has said that some banks tend refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Empingham. Conveyancing may be slightly more expensive based on your lender's requirements.
Your search tool is useful but there are many lawyers listed near Empingham being on the mortgage company conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our lender?
We are not in the business of recommending one firm above another as the right Empingham conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Empingham knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..