Am I correct in assuming that the fact that my solicitor in Fowey is not identified on my bank's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
That would most likely be an incorrect assumption to make. There are plenty of plausible 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 solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should contact the Fowey conveyancing practice and enquire why they are no longer on the approved list for your lender.
We just had an offer accepted to buy with Darlington Building Society. We have called around locally yet am struggling to find a Fowey conveyancing firm on the Darlington Building Society approved list. Could you help?
Feel free to make the most of the search tool on this page. Please choose the building society and type Fowey or your location and you will see a number of lawyer based in Fowey or near you.
I need some expedited conveyancing in Fowey as I have a deadline to sign on the dotted line inside one month. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you are at liberty not to do searches although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Fowey the following are examples of what can be revealed and therefore impact future mortgageability: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Fowey is where the house is located. Is there any advice you can give?
Flying freeholds in Fowey are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fowey you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fowey 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 property.
We're first time buyers - had an offer accepted, but the estate agent told us that the seller will only move forward if we use their chosen lawyers as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in Fowey
It is highly unlikely the owners are behind this. If they require ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and make the point that (a)you are genuine purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your own,trusted Fowey conveyancing lawyers - as opposed tothe ones that will earn the negotiator at the agency a kickback or achieve conveyancing figures demanded by HQ.
I have been told by numerous estate agents to expect 6-8 weeks for Fowey conveyancing to complete.This was four weeks ago. The property information was only received from the vendors solicitor last week so now does it countdown?
You need to be pragmatic concerning timelines. Conveyancing in Fowey takes on average about two months. This timeframe is not due to conveyancer being slow and purposely delay matters. The amount of money involved in purchasing any property is so high, the buyer’s property lawyer having to raise a wide range of queries, searches and other checks to protect the purchaser and their lender (if there is to be a home loan) from expensive, avoidable problems. Conveyancing in Fowey involves getting information from a range of different parties, for example other property lawyer, local councils, private companies, mortgage companies. Some of these are well organised. Plenty aren't. It is worth noting that, it doesn't matter how quickly your property lawyer do their work, if the people you are purchasing from or are selling to aren't ready, nothing can move forward until they are.