Is the fact that my conveyancer in Henfield is not identified on my bank's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
That is most likely a wrong assumption to make. There are all sorts of perfectly plausible explanations. Just recently a 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) low volume 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. If you are concerned you should simply call the Henfield conveyancing firm and enquire why they are no longer on the approved list for your lender.
Our son-in-law is purchasing a new build apartment in Henfield with a home loan from Coventry BS. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Coventry BS conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to find a Conveyancing solicitor in Henfield even where I’m not buying or disposing of a house, for instance where I intend to acquire a shop in Henfield with a mortgage from Nationwide Building Society?
The service is mainly utilised to help choose domestic conveyancing solicitors in Henfield but we have set out towards the bottom of this page some Henfield commercial conveyancing firms. You will need to speak with the firm directly to see if they are also authorised to represent Nationwide Building Society
Will our conveyancer be making enquiries about flooding as part of the conveyancing in Henfield.
Flooding is a growing risk for solicitors conducting conveyancing in Henfield. Some people will purchase a house in Henfield, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, but there are a numerous searches that may be initiated by the buyer or by their lawyers which will give them a better appreciation of the risks in Henfield. The standard information supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to determine whether the property has ever been flooded. If flooding has previously occurred and is not revealed by the seller, then a purchaser could bring a legal claim for losses stemming from an inaccurate answer. A purchaser’s conveyancers should also commission an environmental report. This should higlight whether there is a recorded flood risk. If so, additional inquiries will need to be carried out.
How does conveyancing in Henfield differ for new build properties?
Most buyers of new build or newly converted property in Henfield come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Henfield typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Henfield or who has acted in the same development.
Why is it not possible to complete our conveyancing in Henfield on Good Friday?
This is due to the fact that on completion the purchase price will be transferred electronically between the banks of the buyer and seller's solicitor and at present this can only occur on a business day. It is not possible to complete on a saturday or sunday either.