I had intended to instruct a conveyancing solicitor in Bishops Stortford for our home move. Our financial adviser informed us that our bank Chelsea Building Society won't deal with them. Why is this not regarded as unfair competition?
Mortgage Companies on the whole imposes restrictions either the type or the volume of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a law practice must not be a sole practitioner. As well as restricting the profile of firm, a few lenders have limited the amount of firms they use to represent them. You should note that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there are mixed views regarding the level of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that hundreds of law firms, including some in or near Bishops Stortford only conduct one or two conveyances a year.
If you had a top tip for selecting a conveyancing solicitor in Bishops Stortford what would it be?
It would be unwise to be swayed by the cheapest Bishops Stortford conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
I have paid off my mortgage with Barclays. I assume I don't need a Bishops Stortford conveyancing practitioner on the Barclays panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays 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 Barclays mortgage from the register. Barclays, 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 Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
After months of negotiation I have agreed a price on a house in Bishops Stortford. My mortgage broker suggested a solicitor. I paid an upfront payment of £175. A couple of days later, the lawyer contacted me sheepishly admitting that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Bishops Stortford is the location of the property. Can you shed any light on this issue?
Flying freeholds in Bishops Stortford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bishops Stortford you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bishops Stortford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What makes your site different to other web based conveyancing solicitors for conveyancing in Bishops Stortford?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Bishops Stortford. Unlike many estate agents and many comparison sites we do not operate commission deals with solicitors. A large number of agents and online brokers 'recommend' the firm who pay the highest commission, not the best value conveyancing in Bishops Stortford
Should I appoint a Bishops Stortford conveyancing practitioner who is local to the property I am buying? We have a good friend who can perform the legal formalities but his firm is located over three hundred kilometers away.
The primary upside of using a high street Bishops Stortford conveyancing practice is that you can drop in to execute paperwork, hand in your ID and apply pressure on them where appropriate. Having local Bishops Stortford know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and the majority were happy that should outweigh using an unknown Bishops Stortford conveyancing lawyer solely due to them being round the corner.
I have just started marketing my garden flat in Bishops Stortford.Conveyancing is yet to be initiated but I have just received a yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all rents and maintenance charges will be allottedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process