Is the fact that my conveyancer in Newbury is not identified on my lender's conveyancing panel that there is a problem with the quality of his work?
That is most likely an incorrect assumption to make. There are plenty of reasonable explanations. Just recently a 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) lack 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. Where you are concerned you should simply call the Newbury conveyancing practice and ask them why they are no longer on the approved list for your lender.
Is it possible for conveyancing in Newbury to be finalised in less than 28 days?
In a situation where the seller is applying a tight deadline to exchange we would recommend that your conveyancer is familiar with the area as they will make use of local contacts and intelligence. It is even conceivable that they would have handled otherproperties in the same street. You would be best advised to use a Newbury conveyancing solicitor. Second, make sure that the conveyancing firm is on the lender panel. It is claimed that just under twenty per cent of Newbury conveyancing deals are suspended or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s panel. This can often result in the buying process being held up by almost 21 days. It is understood that this issue affects approximately one hundred thousand home sales annually. Many Newbury conveyancing firms can not act for certain banks so do check at the outset.
I have been referred to a conveyancing solicitor in Newbury. I I would like to check if they are accepted on the Lloyds TSB Bank conveyancing panel. Could you advise?
You should phone your lawyer and ask them whether they are on the lender panel. Otherwise please get in touch with Lloyds TSB Bank who may be able to assist.
I moved into my house on 3 August and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Newbury advises it should be concluded inside ten days. Are titles in Newbury uniquely lengthy to register?
There is nothing unique about conveyancing in Newbury registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any other persons or bodies. Currently approximately 80% of submission are fully dealt with within two weeks but some can be subject to extensive delays. Historically registration is effected once the purchaser is living at the premises so 'speed' is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Newbury differ for new build properties?
Most buyers of new build property in Newbury come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Newbury tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Newbury or who has acted in the same development.
I have been sourcing a conveyancing practitioner in Newbury for my home move. Can I review a firm’s complaints history with the legal regulator?
Anyone can search for presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.