I am not well enough to travel far from Loughborough. What is the rationale as to why all Loughborough conveyancers are not on all mortgage company panels?
Mortgage Companies normally restrict either the nature or volume of conveyancing practices on their panel. A common example of such criteria being that a firm is required to have two or more partners. In addition to restricting the nature of firm, some lenders decided to reduce the number of conveyancers they use to represent them. It is worth noting that mortgage companies have no liability for the standard of conveyancing provided by any Loughborough conveyancing practitioner on their approved list. Property fraud was the key driver in the reduction of conveyancing panels a few years ago even though there are contrary views concerning the extent of solicitor involvement in some of that fraud. Data from HMLR reveal that thousands of conveyancing practices only transact less than three conveyances a year. Those advocating conveyancing panel cuts ask why law firms deserve claim to be listed on a bank panel when clearly property law is not their speciality?
I am purchasing a new build flat in Loughborough. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Loughborough you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Loughborough.
What does a local search reveal concerning the house my wife and I buying in Loughborough?
Loughborough conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search is essential in every Loughborough conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I used Stirling Law a few years ago for my conveyancing in Loughborough. I now require my file however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Loughborough of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Loughborough is where the house is located. What do you suggest?
Flying freeholds in Loughborough are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Loughborough you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Loughborough 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 premises.
My father has encouraged me to use his conveyancing solicitors in Loughborough. Do I follow his advice?
There are no two ways about it the best way to select a conveyancing lawyer is to have recommendations from friends or relatives who have actually experience in using the conveyancer that you are contemplating using.