I am hoping to receive a mortgage with Lloyds. I hope to use a Licensed Conveyancer in Malden. Does the Lloyds Conveyancing panel exclude Licensed Conveyancers?

The Lloyds conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

I had intended to instruct a conveyancing solicitor in Malden for our house purchase. Our financial adviser has since notified us that our mortgage company won't deal with them. Why is this not regarded as unfair competition?

A mortgage company may insist on an approved solicitor act for it. You would be liable to bear the cost of this. Please make use of our search facility to find a solicitor to carry conveyancing in Malden on the approved list of solicitors.

How does conveyancing in Malden differ for new build properties?

Most buyers of new build or newly converted property in Malden approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Malden tend to 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 conveyancing solicitors 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 accustomed to new build conveyancing in Malden or who has acted in the same development.

I need to instruct a conveyancing solicitor for some conveyancing in Malden. I happened to discover a site which appears to be the ideal solution If there is a chance to get all formalities done via phone that would be ideal. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

My nephew is embarking on her first house purchase, the home loan was agreed last week in principle. When the seller agreed the offer on the house we called the bank to move forward with his. We were very surprised to hear that mortgage companies do not accept all , they have to be on a list, is this correct?

Lenders ordinarily imposes restrictions either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Malden on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.