I am not in a position to travel far from Sprowston. Is there a reason why all Sprowston conveyancing practitioners are not on all mortgage company panels?
Mortgage Companies tend to impose restrictions on either the type or the number of conveyancing solicitors on their panel. A common example of such restriction(s) being that the firm needs to have two or more partners. As well as restricting the nature of firm, some lenders decided to reduce the number of practices they use to act for them. You should note that building societies have no accountability for the quality of conveyancing given by any Sprowston solicitor on their panel. Mortgage fraud was the key driver in the reduction of conveyancing panels in the last decade even though there are contrary assessments about the extent of solicitor involvement in some of that fraud. Data from HMLR reveal that thousands of law organisations only conduct one or two conveyances annually. Those supporting conveyancing panel consolidation ask why law firms should have the right to remain on a lender panel when clearly conveyancing is not their speciality?
We see that you have a search directory identifying firms on the Kent Reliance conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Sprowston?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sprowston.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in Sprowston? or Apparently there is historic law that means some homeowners residing in a parish church boundary will be compelled to contribute towards repairs to the chancel within the church. Is this suitable for conveyancing in Sprowston?
Unless a previous acquisition of the property completed after 12 October 2013 you could take it that lawyers delivering conveyancing in Sprowston to remain recommending a chancel search and or chancel repair liability insurance.
How does conveyancing in Sprowston differ for new build properties?
Most buyers of new build property in Sprowston come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because builders in Sprowston usually acquire 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 conveyancers 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 used to new build conveyancing in Sprowston or who has acted in the same development.
We're FTB’s - had an offer accepted, but the property agent told us that the vendor will only move forward if we use the agent's preferred solicitors as they want a ‘quick sale’. Our preferred option is to instruct a high street conveyancer who is familiar with conveyancing in Sprowston
We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Try to communicate with the vendors directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Sprowston conveyancing solicitors - rather thanthe ones that will earn their negotiator at the agency a kickback or hit his conveyancing thresholds demanded by HQ.