I am selling my apartment in Brockley and the estate agent has just telephoned to warn that the purchasers are swapping solicitor. The reason given is that the mortgage company will only work with property lawyers on their approved list. On what basis would a big named mortgage company only work with specific law firms rather the firm that they want to select to handle their conveyancing in Brockley ?
Banks have always had panels of law firms they are content to work with, but in the past few years big names such as Yorkshire Building Society, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 25 years.
Banks blame a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms 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. The purchasers are unlikely to have any impact on this.
We are about to exchange on the purchase of a property in Brockley but as a consequence of damage from the recent storms I have managed to agree compensation from the current proprietors in the sum of six thousand pounds taking the form of a deduction in the price. I had intended this to be addressed as part of a side agreement but Leeds Building Society will not agree to this. Why were they involved?
Your conveyancer being on the Leeds Building Society approved list is required to disclose to Leeds Building Society of any variations to the sale price. If you were to refuse your conveyancer to report the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new lawyer for your conveyancing in Brockley.
I am planning to acquire a property and need a conveyancing solicitor in Brockley who is on the Norwich and Peterborough Building Society approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Brockley. We dont recommend any particular firm.
How difficult is it to transfer to a new conveyancer as I have to instruct one who is on the Santander conveyancing panel. I instructed a high street conveyancing solicitor in Brockley round the corner but he is not approved by Santander
It would be our pleasure to assist you select a conveyancing solicitor in Brockley on the Santander panel. Please note that the property lawyers that we work with do not pay us fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Brockley. Using search facility on this site, you can scrutinise fees for conveyancing solicitors in Brockley and throughout England and Wales.
Do I have to visit the offices of the bank conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Brockley so that I can attend their offices when needed.
Most conveyancing panel lawyers for the bank undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Brockley. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.