Am I correct in assuming that the fact that my solicitor in Chelmsley Wood is not listed on my bank's solicitor panel that there is a problem with the standard of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume 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 Chelmsley Wood conveyancing firm and ask them why they are no longer on the approved list for your lender.
I had intended to instruct a property lawyer in Chelmsley Wood for our home move. Our financial adviser has since notified us that our mortgage lenders Nottingham Building Society won't deal with them. Surely this is unduly restrictive?
A decade ago most lenders had an appetite for risk which was higher than today. Almost all Chelmsley Wood conveyancing firms would have been on many lender panels. The FSA in 2010 carried out a thematic review into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more information from law firms regarding their operations and the individuals who work for them and set certain criteria such a completing on a minimum volume of conveyancing. Many Chelmsley Wood conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Chelmsley Wood is one of the numerous areas where the conveyancers we list are on the panel for Nottingham Building Society.
Various internet forums that I have come across warn that are the number one cause of delay in Chelmsley Wood conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in Chelmsley Wood.
I have been on the look out for a flat up to £305k and identified one close by in Chelmsley Wood I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Chelmsley Wood for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
My business partner and I are hoping to take over a lease of an office on a shopping parade. Can you recommend solicitors offering no-sale-no fees for non-domestic conveyancing in Chelmsley Wood for under 2k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Chelmsley Wood, including the sale and purchase of businesses as well as simply premises. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right lawyer. Regarding the charges this will depend on the structure and terms of the proposed transaction. Please provide us with your details or phone so as to enable us to supply you with a detailed commercial conveyancing quote.
I am looking for a conveyancing lawyer in Chelmsley Wood for my house move. Can I review a solicitor's record with the legal regulator?
You may see documented 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, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.