Is the fact that my solicitor in Caistor is not listed on my lender's conveyancing panel that there is a problem with the quality of the firm’s work?
That is most likely an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters 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 contact the Caistor conveyancing firm and enquire why they are no longer on the approved list for your lender.
I am about to complete buying a property in Caistor but as a result of wreckage from a small fire at the property I have managed to agree reparation from the current proprietors of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process but Skipton are not allowing this. Should they have been approached?
The conveyancer that is on a Skipton conveyancing panel is required to advise Skipton of any variations to the purchase price. If you were to refuse your solicitor to notify the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new conveyancer for your conveyancing in Caistor.
We are planning to buy with Loughborough BS. We have called around locally yet am unable to find a Caistor conveyancing firm on the Loughborough BS panel. Can you help?
Feel free to take advantage of the search tool on this site. Pick the lender and type Caistor or your location and you will see a number of lawyer offices in Caistor or nearest you.
Should my lawyer be raising enquiries about flooding during the conveyancing in Caistor.
Flooding is a growing risk for conveyancers carrying out conveyancing in Caistor. Plenty of people will acquire a house in Caistor, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, however there are a numerous checks that can be carried out by the buyer or on a buyer’s behalf which will figure out the risks in Caistor. The conventional set of property information forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to find out whether the property has suffered from flooding. If flooding has previously occurred which is not disclosed by the owner, then a purchaser may issue a claim for damages resulting from an misleading reply. The purchaser’s conveyancers will also order an environmental report. This will reveal whether there is a recorded flood risk. If so, further investigations will need to be carried out.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one close by in Caistor I like with amenity areas and transport links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Caistor in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
My father-in-law has encouraged me to instruct his conveyancing solicitors in Caistor. Should I find my own property lawyer?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to have recommendations from friends or relatives who have previously instructed the firm you're contemplating using.