I have just been advised by my financial adviser that my Risca the law firm I have appointed is not on the bank Solicitor panel. How can I be sure whether this is correct?
The first thing you need to do is to call your Risca lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they may recommend you to a Risca conveyancing firm that is on the conveyancing panel for your bank.
When does exchange of contracts occur in sale conveyancing in Risca and am I required to be at the solicitors office?
If you are in close proximity to our conveyancing solicitors in Risca you are welcome to come in to sign documents. That being said, the lender approved solicitors we work with provide a countrywide conveyancing service and give just as comprehensive and professional a job for you when communicating with you by post or email. The signing of the sale agreement is not the point of no return. Signing on the dotted line simply enables the firm to exchange contracts at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Risca)to be in the office available at the end of the phone to exchange contracts.
After reading mumsnet.com for a conveyancing solicitor in Risca, many post that I must look for a CQS assured solicitor. Can you explain what CQS is?
Risca Conveyancing Quality Scheme law firms have been granted accreditation under the Law Society's Scheme (CQS) The Law Society introduced CQS to promote high standards in the home moving process. CQS enables buyers and sellers to identify practices that provide a quality residential conveyancing. Risca is one of the many areas in England and Wales in which CQS have a presence. The scheme obliges law firms to undergo a strict assessment, compulsory training, self-certification, spot checks and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Association of British Insurers.
I have been told that property searches are a common reason for stalling in Risca house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Risca.
How does conveyancing in Risca differ for newly converted properties?
Most buyers of new build property in Risca come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Risca usually acquire the real estate, 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 Risca or who has acted in the same development.
Is it possible to swap solicitor as I need to select a firm on the Yorkshire Building Society conveyancing list. I had appointed a high street conveyancing solicitor in Risca five minutes from me but he is not accepted by Yorkshire Building Society
We will our best to assist in finding you a conveyancing solicitor in Risca on the Yorkshire Building Society panel. Please note that the law firms that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Risca. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Risca.