Unfortunately I am unable to travel far from West Dean. What is the rationale as to why all West Dean solicitors aren't included on all lender panels?
Mortgage Companies ordinarily restrict either the type or volume of conveyancing solicitors on their panel. A common example of such restriction(s) being that the organisation is required to have two or more partners. As well as restricting the type of firm, some lenders decided to limit the number of conveyancers they use to act for them. It is worth noting that mortgage companies have no responsibility for the standard of advice supplied by any West Dean lawyer on their approved list. Property fraud was the primary trigger for the rationalisation of conveyancing panels from 2008 even though there are conflicting assessments about whether solicitors sat at the center of that fraud. Data from the Land Registry reveal that thousands of conveyancing organisations only transact one or two conveyances annually. Those advocating conveyancing panel consolidation ask why law firms deserve claim to be on a bank panel when it is evident that property law is not their speciality?
In what way does my ID and proof of funds have anything to do with my conveyancing in West Dean? Is this really necessary?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign will no doubt stipulate this. Your lender will also require certain documents to be checked. Should you refuse to hand over ID verification documents, your conveyancer would not be able to act for you.
How does conveyancing in West Dean differ for new build properties?
Most buyers of new build or newly converted property in West Dean contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in West Dean typically purchase the land, 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 West Dean or who has acted in the same development.
I opted to have a survey completed on a property in West Dean prior to retaining solicitors. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend not issue a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Dean. Conveyancing will be smoother if you use a solicitor in West Dean especially if they are accustomed to such properties in West Dean.
My husband and I are a fortnight into a residential purchase having been directed to conveyancers by the high street agent to carry out the conveyancing in West Dean. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new solicitors?
They would have to be really poor in order to consider diss instructing them. Has your mortgage offer been sent? If so you will need to make them aware of the new lawyer and ensure the mortgage documents are re-sent. The solicitor ideally needs to be on the mortgage company panel to avoid added fees and frustration. So that should be your starting point. Our find a solicitor tool should assist you in finding a lender approved conveyancer for your home move in West Dean