Is the fact that my solicitor in Hyde is not on my bank's conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
That would more than likely be a wrong 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) 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 simply call the Hyde conveyancing practice and ask them why they are no longer on the approved list for your bank.
I am purchasing a newly constructed duplex in Hyde and my lawyer is informing me that she has to the bank to reveal incentives from the builder. The Estate Agents are hassling me to sign contracts and I would rather not delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What happens if my solicitor is removed from the HSBC Solicitor panel ahead of completing my conveyancing in Hyde?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I am looking to sell my home. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Hyde if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Hyde. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
We are 17 days into a freehold purchase having been recommend to conveyancers by the estate agent to perform conveyancing in Hyde. I am am extremely dissatisfied with the level of service. Could you you assist me in finding new conveyancers?
They would have to be very bad to suggest changing them. Has the mortgage offer been sent? If so you need to inform them of the new contact details and have the mortgage documents are issued to the new lawyers. The conveyancer should be on the mortgage company approved list to avoid added charges and frustration. That should be your first question of the new conveyancers. The search tool can help you find a bank approved solicitor for your conveyancing in Hyde
How easy is it to change a solicitor as I need to find a Hyde based firm who is on the lender conveyancing panel. Is it advisable to appoint a new law firm?
If you haven't yet instructed a conveyancer to commence the conveyancing and have just received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Hyde that you're thinking of instructing.