Am I correct in assuming that the fact that my conveyancer in Mountsorrel is not listed on my lender's conveyancing panel that there is a problem with the standard of his work?
That would more than likely be an incorrect assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated 76% 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. If you are concerned you should contact the Mountsorrel conveyancing firm and ask them why they are no longer on the approved list for your lender.
My nephew is purchasing a new build apartment in Mountsorrel with a mortgage from Clydesdale. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the surveyor when requested. 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are buying a house in Mountsorrel. I might seem paranoid but how we can trust a conveyancer? On completion day we have to send our life savings into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I just bought a property at auction in Mountsorrel. Conveyancing is needed. What is next?
Given that you have now legally committed yourself to purchase you must choose a conveyancing practitioner soon as you are faced with a fast approaching a drop dead date to complete the transaction. Every auction property will have a corresponding legal set of papers. This should include most,if not all of the paperwork that your solicitor will need. If you have purchased leasehold premises the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to a leasehold property. You must pass this on to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are in order to complete on the on the contractual date .
My wife and I are in the throws of looking at apartments in Mountsorrel and I am about to put in an offer. Should I already have a lawyer appointed at this stage? I intend to finance via a home loan with Coventry BS.
It would be advisable to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are taking out a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
I have justfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Mountsorrel for a purchase of a leasehold flat 10 months ago. How can I establish that my home is in my name in the name of the previous owner?
The quickest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Mountsorrel conveyancing specialists.
Due to the guidance of my in-laws I had a survey completed on a house in Mountsorrel prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Mountsorrel. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mountsorrel to see if the conveyancing costs will increase in light of this.
I am planning to acquire a flat and need a conveyancing solicitor in Mountsorrel who is on the lender approved panel. Can you recommend a Mountsorrel or local Mountsorrel solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who carry out conveyancing in Mountsorrel. We dont recommend any particular solicitor.