Unfortunately I am unable to travel far from Eltham. What is the rationale as to why all Eltham solicitors are not on all bank panels?
Mortgage companies point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in mortgage companies purging a number of firms off their panel of approved conveyancing practitioners .
After reading moneysavingexpert.com for a recommended solicitor in Eltham, many advise that I must instruct a CQS assured solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home ownership transfers, trusted by some of the UK's leading mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). CQS is not a scheme offered by the Society for Licensed Conveyancers. Eltham is one of the numerous areas of the UK where there are CQS solicitors.
We are purchasing a apartment in Eltham. I might seem paranoid but how we can trust a solicitor? At some point we have to put money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have paid off my mortgage with Nationwide. I assume I don't need a Eltham lawyer on the Nationwide panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
Our sealed bid on a house in Eltham has been agreed to, but there is a chain. The vendors have put an offer on a property, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have instructed a nearby conveyancing solicitor in Eltham. What do I do now? At what point do I apply for the mortgage with Coventry BS?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, Eltham conveyancing search charges, etc). First, you should check that your conveyancing practitioner is on the Coventry BS conveyancing panel. Concerning the next phase this very much dictated by the specifics of your case, motivation for the property and on the state of the market. During a buoyant market the majority of purchasers would apply for a home loan with Coventry BS and pay for the valuation and only if it comes back ok would they request their conveyancing practitioner to press on with searches.
Should commercial conveyancing searches disclose planned roadworks that could affect a commercial premises in Eltham?
Many commercial conveyancing solicitors in Eltham will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Eltham. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Eltham.
For each commercial conveyancing transaction in Eltham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Eltham commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Eltham.
My husband and I are looking at buying our first property in Eltham. Is it possible for you to suggest a good Eltham conveyancer that will assist us as well as act for HSBC?
LenderPanel.com is limited to being a directory service for lawyers who want to be listed as being on the approved conveyancing panel for HSBC in certain locations for example Eltham . We dont recommend any specific property lawyer.