I am 4 weeks into the sale of my home in Weldon and the EA has just telephoned to say that the purchasers are switching property lawyer. The excuse is that the bank will only work with property lawyers on their approved list. On what basis would a big named lender only engage with certain law firms rather the firm that they want to choose to handle their conveyancing in Weldon ?
Lenders have always had panels of law firms that can act for them, but in recent years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Lending institutions justify this action to a rise in fraud as the reason for the cull – criteria have been narrowed as a smaller panel is easier to monitor. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are unlikely to have any sway in the decision.
How do I discover of the solicitor handling my conveyancing in Weldon is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus spending £175.00 in additional legal bill.
You should take advantage of the find a lender approved solicitor tool on this site. Pick the lender and type ‘Weldon’ or your preferred area and you will see a number of lawyer offices in Weldon or nearest you.
I have been told that property searches are a common cause of stalling in Weldon house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Local searches are not likely to be the root cause of delay in conveyancing in Weldon.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend lawyers offering competitive costs for non-domestic conveyancing in Weldon for less than 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Weldon, including the sale and purchase of businesses as well as simply premises. Whether you are intending to buy or sell a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. As for the charges this will depend on the structure and nuances of the deal. Please provide us with your contact information or email us so that we can furnish you with a detailed commercial conveyancing quote.
There are a number of properties in Weldon on unadopted lanes. I am buying such a property. What would be the pros and cons of purchasing a residence on a privately owned road?
Weldon conveyancing lawyers will be used to conveyancing houseson unadopted roads. The lawyer will investigate title to find any rights or liabilities. It is possible that there is a management company (wholly owned by residents) that owners make annual payments to maintain the road. If there is one, the road will likely be maintained and look better than publicly owned.