Am I correct in assuming that the fact that my solicitor in Bedale is not listed on my mortgage company's solicitor panel that there is a problem with the quality of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Bedale conveyancing firm and ask them why they are no longer on the approved list for your bank.
We are buying a house in Bedale. I might seem paranoid but how we can trust a conveyancer? At some point we have to send our life savings into their account. What is the protection 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.
I have paid off my mortgage with Virgin Money. I assume I don't need a Bedale lawyer on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
I have a mortgage with Kent Reliance for my property in Bedale. Conveyancing was finalised 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
Your original mortgage agreement with Kent Reliance will provide that you need their approval prior to letting out your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel lawyer.
I require expedited conveyancing in Bedale as I have pressure to exchange contracts in less than 2 weeks. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are not taking a home loan you are at liberty not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Bedale the following are instances of what can crop up and adversely affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
It has been 3 months following my purchase conveyancing in Bedale 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.
Is it simple use the search facility to choose a conveyancing lawyer in Bedale on the authorised to act for my mortgage?
First pick a mortgage company such as National Westminster Bank, Virgin Money or Alliance & Leicester then type in your location for example Bedale. Conveyancing organisations in Bedale and across England and Wales will then be shown.
I have been looking for Bedale competitive conveyancing fees. Can I be sure that all the Bedale firms that are listed on your site are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Bedale conveyancing solicitor being on the bank conveyancing panel is incorrect.