Much to our surprise we have been advised by our mortgage adviser that my Penley the law firm I have appointed is not on the bank Solicitor panel. How can I be certain if this is indeed the case?
You need to contact your Penley lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they may be able to suggest a Penley conveyancing practice that is on the approved list of lawyers for your lender.
Having invested time reading mumsnet.com for an affordable lawyer in Penley, many post that I must use a CQS kitemarked solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in buying or selling property, trusted by some of the UK's major banks. Four years ago the Conveyancing Quality Scheme was officially recognised by the Legal Ombudsman. CQS is not a scheme offered by the Society for Licensed Conveyancers. Penley is one of the numerous areas of the UK where there are CQS lawyers.
The deeds to my property are lost. The lawyers who did the conveyancing in Penley 10 years ago no longer exist. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your solicitor will be aware exactly where to locate all the appropriate documentation so you can buy or sell your house without any difficulty. If copies can’t be located, your solicitor can put in place insurance or indemnities protecting you against future claims on the premises.
How does conveyancing in Penley differ for new build properties?
Most buyers of new build or newly converted property in Penley contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Penley typically 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 conveyancers 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 used to new build conveyancing in Penley or who has acted in the same development.
What does commercial conveyancing in Penley cover?
Non domestic conveyancing in Penley incorporates a wide range of services, offered by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Why can't I complete our conveyancing in Penley on Good Friday?
Because on completion the funds will be transferred electronically between the banks of the buyer and seller's property lawyer and at present this can only take place on a working day. It is not possible to complete on a weekend either.