My partner and I are hoping to acquire a property in Much Hadham and are in fact using a Much Hadham conveyancing practice. Within the past 48 hours our property lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Godiva Mortgages Ltd have this evening contacted us to advise us that there is now an issue as our Much Hadham conveyancer is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Much Hadham solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Finally the sale completed on my house in Much Hadham last October yet the purchaser is Skype messaging me complaining that their lawyer needs to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer should forward the transfer deeds and all additional paperwork to the buyer’s lawyers. Where relevant, your solicitor must also send confirmation that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There is unlikely to be post completion requirements just for conveyancing in Much Hadham.
I have todaybeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Much Hadham for a purchase of a leasehold apartment 12 months ago. How can I check that my home is not still registered in the name of the previous owner?
The quickest method to check 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 Much Hadham conveyancing specialists.
Is there anything unique about your site and alternative online quote calculators for conveyancing in Much Hadham?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Much Hadham. Unlike many estate agents and many comparison sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most kickback, rather than the best value conveyancing in Much Hadham
In scouring the internet for the words on line conveyancing in Much Hadham it brings up numerous solicitorslocally. With so much choice what is the best way to find the suitable conveyancer for me?
The preferential way of choosing the right conveyancer is through a trusted testimonial, so seek the opinion of friends and family who have purchased a property in Much Hadham or the reputable estate agent or financial adviser. Fees for conveyancing in Much Hadham vary, so it's sensible to obtain a minimum of three costs illustrations from different companies. Be sure to obtain confirmation what costs in the quote includes.
I am expecting to exchange buying a property in Much Hadham but as a consequence of damage from the recent storms I have agreed compensation from the current proprietors of £3k by way of a deduction in the price. This was going to be dealt with as part of the conveyancing process yet the bank will not agree to this. Why were they notified?
The conveyancer that is on a bank conveyancing panel is required to inform the mortgage company of any variations to the sale figure. In the event that you did not allow your solicitor to notify the price change to your bank then they would have no choice but to discontinue acting for you and the mortgage company.