Am I correct in assuming that the fact that my solicitor in Maida Vale is not identified on my mortgage company's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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. Should you be concerned you should simply call the Maida Vale conveyancing practice and enquire why they are no longer on the approved list for your bank.
When will exchange of contracts occur in residential conveyancing in Maida Vale and am I required to attend the lawyers office?
If you are in close proximity to one of the conveyancing solicitors in Maida Vale you are invited in to sign contracts. However, the firms we work with offer a countrywide conveyancing service and provide as equally comprehensive and professional a job for you when dealing with you digitally. The signing of the purchase agreement is not the important part. Signing on the dotted line is just a prerequisite for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Maida Vale)to be in the office available at the end of the phone to exchange contracts.
Do I need to visit the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Maida Vale so that I can pop in to their offices if necessary.
Whereas this was necessary ten years ago, the vast majority mortgage companies no longer oblige their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to provide ID documents and there are still manifest advantages to using a local solicitor, in your case a conveyancing solicitor in Maida Vale.
Due to the input of my in-laws I had a survey completed on a property in Maida Vale before retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Maida Vale. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maida Vale to see if the conveyancing will be more expensive.
How do I identify a Maida Vale solicitor on the Yorkshire Building Society conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this page. Please select a mortgage company and your location and you will see a number of Maida Vale conveyancing lawyers based on proximity. We have detailed some Maida Vale conveyancing firms at the bottom of this page and you can call them to see if they are on the Yorkshire Building Society member panel
My partner has urged me to instruct his conveyancers in Maida Vale. Should I find my own property lawyer?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to get guidance from friends or relatives who have used the conveyancer that you are are thinking of instructing.