Unfortunately I am unable to travel far from Shepshed. I would like to know the logic why all Shepshed conveyancers aren't included on all bank panels?
Mortgage companies 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 conclusions included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in lenders purging less reputable firms from their panel of approved lawyers .
Last December we completed a house move in Shepshed. We have since encountered a number of issues with the house which we suspect were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that should have been conducted as part of conveyancing in Shepshed?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Shepshed. Conveyancing searches and investigations undertaken during the buying process are supposed to help avoid problems. As part of the legal transfer of property, the vendor fills in a questionnaire referred to as a Seller’s Property Information Form. answers turns out to be incorrect, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Shepshed.
I had intended to instruct a property lawyer in Shepshed for our house move. Our financial adviser has since notified us that our mortgage lenders The Royal Bank of Scotland won't deal with them. Surely this is unfair competition?
Lenders normally restrict either the type or the amount of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must not be a sole practitioner. In addition to restricting the profile of firm, a few lenders have decided to limit the amount of firms they allow to represent them. You should note that The Royal Bank of Scotland have no responsibility for the quality of advice provided by any member of The Royal Bank of Scotland Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of conveyancing panels since 2008 even though there are mixed views concerning the extent of solicitor involvement in some of that fraud. Data from the Land Registry reveal that hundreds of law firms, including some in or near Shepshed only perform a couple conveyances per annum.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The lawyers who dealt with the conveyancing in Shepshed 10 years ago have long since closed. What do I do?
You no longer need to have the physical official documentation to prove you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
I am looking to sell my home. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Shepshed if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Shepshed. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.