I can't travel far from Repton. Can you please clarify why all Repton property lawyers 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 FSA in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in lenders removing less reputable firms from their panel of approved lawyers .
We are about to sign contracts for a leasehold flat in Repton. We encountered a problem. Our mortgage offer with Coventry Building Society runs out on 31/3/2026 but the vendors are suggesting a completion date of 2/4/2026. Can one prolong the mortgage expiry date?
The best person to address this concern is your lawyer who will hopefully determine whether they corresponding with the mortgage broker, vendor’s conveyancers, estate agents or conceivably all three taking into account what has gone on in your house move to date.
Please explain the implications if my solicitor is expelled from the Principality Conveyancing panel ahead of completing my conveyancing in Repton?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
The deeds to my property are lost. The solicitors who dealt with the conveyancing in Repton 10 years ago are no longer around. What do I do?
You no longer need to have the physical original deeds to establish that you are the registered proprietor of land or premises, given that the Land Registry have everything they need in a digital format.
We are a couple of weeks into a freehold purchase having been recommend to a firm by the high street agent to do our conveyancing in Repton. I am am starting to be frustrated with the quality of service. Can you help me find new solicitors?
They would have to be very poor in order to consider diss instructing them. Has the loan offer been sent? In the event that it has you will need to inform them of the new conveyancer and have the offer are re-issued. Your conveyancer needs to be on the mortgage company approved list to avoid escalating costs and frustration. So that should be your first question of the new lawyers. Our search tool can help you find a bank approved conveyancer for your home move in Repton