We were about to instruct a conveyancing solicitor in Potters Bar found by you but stumbled across alternative estimates on the internet appear less expensive – why is this?
One can find a variety of conveyancing organisations offering at first sight what seems to be cut price. Our advice is to think twice about how important this transaction is to you that you are willing to be penny wise pound foolish in relation to the quality of the legal work. Many of them list a low quote to tease you but hide supplemental costs in the fine print..
My wife and I have lately acquired a house in Potters Bar. We have since encountered a number of problems with the property which we consider were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been conducted for conveyancing in Potters Bar?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Potters Bar. Conveyancing searches and investigations undertaken during the buying process are supposed to help avoid problems. As part of the legal transfer of property, a property owner completes a questionnaire referred to as a SPIF. If the information is incorrect, then you may have a claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Potters Bar.
Are the Potters Bar conveyancing solicitors identified as being on the RBS conveyancing panel, together with their details provided by RBS?
Potters Bar conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Potters Bar. My lender is The Mortgage Works
The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 13/10/2021, the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Potters Bar
There are many recorded licenced Conveyancers in Potters Bar and Solicitor practices in Potters Bar to choose from We would stress that the two are regulated professionals specialising in the legal aspects of transferring property. The two can handle associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Is it the case that all Potters Bar solicitors on the Nottingham conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Nottingham conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel in which case such firms would be governed by the CLC.
I am expecting a DIP from Nationwide this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Potters Bar solicitors on the Nationwide conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Potters Bar solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
My offer on detached house in Potters Bar was agreed to, but there is a chain. The vendors have offered on a flat, although it’s not been accepted yet, and are looking at other properties booked. I have selected a nearby conveyancing solicitor in Potters Bar. What do I do now? At what point do I apply for the mortgage with TSB?
It is understandable to have concerns where there is an associated chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then survey, Potters Bar conveyancing search fees, etc). First, you should ensure that your conveyancing practitioner is on the TSB approved list. As to the subsequent steps this very much depends on the specifics of your case, desire for this property and on the state of the market. In a hot market some purchasers would apply for the mortgage with TSB and arrange for the survey and only if it comes back ok would they pay their property lawyer to move forward with searches.