It is rare that the world pities lawyers; TV programs like Ally McBeal have burned images of promiscuous and eccentric layabout solicitors with more money than sense into the public’s consciousness; usually it is feelings of envy and dislike that are common in the everyman’s perspective at the mention of the term solicitor.

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However, when 7000 London conveyancing solicitors were told by a leading high street building society that they were no longer allowed to handle the bank’s side of the conveyancing process for its customers’ house buying, a small amount of sympathy may be appropriate.

Protests by The Law Society, who have deemed it a ‘grave’ decision and are in talks with the bank are attempting to rectify the situation; if this fails, then not only will the solicitors be out of pocket for the work that they are used to receiving but house buyers will have to suffer the additional expenditure of an extra set of solicitors to look after the lender’s interest.

The decision to remove the esteemed ‘panel’ of (mostly London-based) conveyancing solicitors came totally out of the blue, shocking many of the lawyers and their firms.

The solicitors have not been putting in the effort over the past year and certainly not putting in enough work to constitute their position with the bank, according to the bank.

This move will have repercussions for any potential house buyer who is seeking to purchase a house with this leading high street building society, due to the fact that they will now have to choose a conveyancing solicitor who is not on the bank’s ‘panel’, which will result in the bank insisting on another firm of lawyers becoming involved just to overview the paperwork, leading to extra costs for the borrower. The estimated additional cost for such a process will be, depending on the terms of the contract, between 200 to 250.

If you require some excellent legal advice concerning the conveyancing process, then contact a London conveyancing solicitor today and see if you can get the deal that you deserve.

Let a conveyancing solicitor lead you through the steps that you need to take on the way to making your purchase, as the entire process of conveyancing can be a tricky process for someone who is not well versed in the legal know how.

Searching for a good London Conveyancing Solicitor can be demanding and expensive. If you are looking for Property Lawyers in London then TakeLegalAdvice.com has a free service to match your requirements with the right legal firm.

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