I was advised recently by my lender that my Berwick Upon Tweed solicitor is not on the bank Solicitor panel. How can I be certain whether this is indeed the case?
Your first step should be to contact your Berwick Upon Tweed conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they may be able to suggest a Berwick Upon Tweed conveyancing firm that is on the approved list of lawyers for your mortgage company.
I am hoping to complete my purchase in Berwick Upon Tweed next Friday. My conveyancer now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What does the insurance need to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These obligations are not unique to conveyancing in Berwick Upon Tweed.
The Berwick Upon Tweed conveyancing solicitors that I appointed last week on my house acquisition in Berwick Upon Tweed have suddenly closed. I chose them because I needed a solicitor on the Leeds Building Society conveyancing panel and my family Berwick Upon Tweed lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Leeds Building Society conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
I need some fast conveyancing in Berwick Upon Tweed as I have pressure to complete inside 3 weeks. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are not getting a mortgage you have the choice not to do searches although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Berwick Upon Tweed the following are instances of what can show up and therefore affect market value: Enforcement Notices, Overdue Charges, Overdue Grants, Railway Schemes,...
I need to instruct a conveyancing lawyer in Berwick Upon Tweed for my house move. Can I check a solicitor's complaints history with the legal regulator?
Anyone may search for published Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator could monitor telephone calls for training requirements.
We have appointed a Berwick Upon Tweed conveyancing solicitor for our home move (FTB’s) and have noticed in the Ts and Cs that they are not overseen by the FCA. Am I right to be worried or is that standard with property lawyer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the SRA, who have stringent laws covering monies deposited in their bank.