Am I correct in assuming that the fact that my conveyancer in Copthorne is not on my bank's conveyancing panel that there is a problem with the standard of his conveyancing?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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 Copthorne conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
The owners have very pushy vendors who has insisted on a lock out contract with a down payment of 5k. Is it wise to enter into such agreements?
This form of agreement is unusual in Copthorne, conveyancers are often found to veer clients away from them as they divert attention from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor at best left with an upset client and at worst a litigious one. In addition, there is no assurance that just because the owner has executed a lock out contract they will complete the sale with you. They may be in contravention of the agreement if they receive sufficient financial inducement to do so because an aggrieved party with the benefit of a exclusivity agreement will still have to show losses as a consequence of the breach and this may not equalise the financial upside that the owner may secure by reneging on the agreement, however morally reprehensible it undoubtedly is.
Completed the sale of my flat in Copthorne last December yet the purchaser is e-mailing every few hours to moan that her lawyer is waiting to hear from myconveyancer. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is committed to deliver the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your conveyancer must also evidence that the mortgage has been paid off to the purchasers solicitors. There are no post completion steps just for conveyancing in Copthorne.
five months have elapsed since my purchase conveyancing in Copthorne concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Copthorne in advance of appointing lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks tend not give a loan on such a house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Copthorne. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are novice buyers - agreed a price, but the estate agent told us that the owners will only move forward if we instruct the agent's recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Copthorne
We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', alienating a serious buyer is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Copthorne conveyancing solicitors - rather thanthe ones that will provide their negotiator at the agency a commission or hit his conveyancing thresholds pre-set by corporate headquarters.