I am not well enough to travel far from Groby and Ratby. Please clarify why all Groby and Ratby conveyancers aren't included on all mortgage company panels?
Pre- 2008 most banks had an attitude to risk which is different than today. The financial regulator in 2010 instigated a thematic review into mortgage fraud which concluded: know the lawyers on your panel. Consequently, mortgage companies have subsequently requiredmore information from law firms regarding their operations and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Many firms have been excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the criteria of volume of transactions the mortgage companies required.
Can the conveyancing solicitors listed on your site conduct auction conveyancing in Groby and Ratby?
We know of a number of auction solicitors we can put you in touch with those specialising in auction conveyancing. Groby and Ratby is one of the many locations where our lawyers are based.
We see that you have a post code search directory listing solicitors on the RBS conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Groby and Ratby?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Groby and Ratby.
Our mortgage company has recommended a law firm on their panel based in Groby and Ratby but I would rather choose a conveyancing lawyer in Groby and Ratby round the corner to me. Are you able to assist?
It is by no means the case that all Groby and Ratby conveyancing firms are on all lender’s conveyancing panel. Please make the most of our search tool to find a Groby and Ratby conveyancing conveyancer on the on the lender panel.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Groby and Ratby I like with open areas and station in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Groby and Ratby in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.