Unfortunately I am unable to travel far from Chandlers Ford. Can you please spell out why all Chandlers Ford solicitors are not on all mortgage company panels?
Mortgage Companies normally restrict either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must have two or more partners. As well as restricting the structure of firm, some have made a decision to reduce the number of conveyancers they use to act for them. You should note that mortgage companies have no liability for the quality of service provided by any Chandlers Ford conveyancer on their panel. Increases in mortgage fraud was the primary trigger for the rationalisation of conveyancing panels a few years ago notwithstanding that there are contrary opinions about whether solicitors sat at the center of that fraud. Statistics via HMLR reveal that thousands of conveyancing practices only carry out one or two conveyances annually. Those advocating conveyancing panel consolidation question why law firms deserve the right to be on a bank panel when it is evident that property law is not their primary expertise?
Our Chandlers Ford solicitor has identified a difference between the assumptions in the valuation report and what is revealed within the title deeds. My lawyer informs me that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My wife and I are buying a flat in Chandlers Ford. It might be a silly question but how we can trust a conveyancer? At some point we will need to send our life savings into their account. What protection do we have from them run away with our money?
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.
Can you point me to a directory of Virgin Money panel solicitors in Chandlers Ford on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable over the internet. Where you are in need of a Chandlers Ford solicitor on the Virgin Money please make the most of our tool.
I am selling my apartment. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Virgin Money are being problematic. The Chandlers Ford solicitor who is on the Virgin Money conveyancing panel is saying indemnity insurance will be fine but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
three months have gone by following my purchase conveyancing in Chandlers Ford took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Chandlers Ford differ for new build properties?
Most buyers of new build residence in Chandlers Ford come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Chandlers Ford tend to acquire the real estate, 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 Chandlers Ford or who has acted in the same development.
As co-executor for the will of my uncle I am disposing of a residence in Newport but I am based in Chandlers Ford. My conveyancer (who is 250 kilometers awayhas requested that I execute a statutory declaration before completion. Could you suggest a conveyancing lawyer in Chandlers Ford to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are based in Chandlers Ford