We wanted to use a conveyancing solicitor in North Shields and Tynemouth for our home move. Our broker informed us that our bank won't deal with them. Why is this not regarded as unfair competition?
A decade ago most mortgage companies had a different appetite for risk. Almost all North Shields and Tynemouth conveyancing firms would have been on many mortgage company panels. The FSA in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms about their operations and the individuals who work for them as well as establishing certain criteria such a completing on a minimum number of transactions. Many North Shields and Tynemouth conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing.North Shields and Tynemouth is amongst the numerous areas where the conveyancers we list are on the panel for .
This question may be naive but I am new to the home buying as FTB of a two bedroom flat in North Shields and Tynemouth.Do I pick up the keys to the premises on the completion date from my lawyer? If this is the case, I will use a High Street conveyancing solicitor in North Shields and Tynemouth?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the completion advance to the owner’s conveyancers, and shortly after the monies have arrived, you will be called to collect the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
I have justdiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in North Shields and Tynemouth for a purchase of a freehold house 10 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of North Shields and Tynemouth conveyancing specialists.