Unfortunately I am unable to travel far from Farnham Common. Is there a reason why all Farnham Common conveyancing practitioners aren't automatically on all mortgage company panels?
Pre- 2008 most lenders had an approach to risk which is different from today. The Financial Services Authority in 2010 conducted a thematic review into fraud which in summary warned lenders: know the lawyers on your panel. Accordingly, mortgage companies have subsequently looked to extract more data from law firms concerning their processes and the staff who work for them and set certain criteria such as completing a minimum number of transactions. Thousands of law practices have found themselves excluded from lender panels even though they had an exemplary track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the minimum volume of transactions the lenders required.
We are a couple about to exchange contracts for a leasehold flat in Farnham Common. We have hit a problem. The loan offer with Lloyds TSB Bank expires on 31/3/2026 but the vendors are suggesting a completion date of 2/4/2026. Can one prolong the loan offer?
The best person to address this concern is your lawyer who will hopefully assess if they should be discussing with the bank, owner’s lawyers, selling agents or conceivably all parties taking into account the circumstances your house move to date.
At what point will exchange of contracts occur in sale conveyancing in Farnham Common and am I required to be at the lawyers branch?
If you are round the corner to our conveyancing solicitors in Farnham Common you are invited in to sign the paperwork. That being said, the lender approved solicitors we work with provide a countrywide conveyancing service and provide just as detailed and professional a job for you when communicating with you electronically. The signing of the contract is not the point of no return. A signed contract is necessary for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Farnham Common)to be in the office available at the end of the phone to exchange contracts.
I have justdiscovered that Arc property Solicitors have closed. They carried out my conveyancing in Farnham Common for a purchase of a leasehold apartment 9 months ago. How can I check that my home is not still registered in the name of the previous owner?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Farnham Common conveyancing specialists.
I'm refinancing my primary home to a BTL mortgage with Bank of Scotland and I will use the rest of the raised equity as a deposit on further property. The location we are interested in is Farnham Common. Will your lawyers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our search tool on this page to ensure that the conveyancers are on the appropriate lender panels. Having checked that they are your solicitor will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make apparent your desired outcome and requirements.