My partner and I are planning to purchase a property in Shirenewton and are in fact using a Shirenewton conveyancing firm. Within the last couple of days our lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. TSB have this evening contacted us to advise us that there is now an issue as our Shirenewton lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also act for 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 solicitor should contact your lender 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 are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Shirenewton solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Having sold my house in Shirenewton last February but my buyer keeps texting every few hours complaining that his conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your house sale your lawyer is obliged to send the transfer deeds and all of the paperwork to the purchaser's solicitors. If applicable, your solicitor should also evidence that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion tasks specific conveyancing in Shirenewton.
How do I identify a Shirenewton solicitor on the Skipton Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please choose the bank and your location and you will see a number of Shirenewton conveyancing lawyers located nearest you. We have listed some Shirenewton conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Skipton Building Society member panel
My uncle has suggested that I appoint his conveyancing solicitors in Shirenewton. Should I use them?
Much as we are happy to recommend a Shirenewton conveyancing lawyer the ideal way to find a conveyancing practitioner is to seek referrals from friends or relatives who have actually used the conveyancer that you are contemplating using.
I have just appointed agents to market my basement apartment in Shirenewton. Conveyancing is yet to be initiated, however I have just had a yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as normal given that all rents and service invoices will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Shirenewton Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
-
Is there a share of the freehold? What restrictions exist in the Shirenewton Lease? The answer will be important as a) areas can cause problems for the building as the common areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have a dispute with the running of the building you will wish to have all the details
I have appointed a Shirenewton conveyancing solicitor for our house purchase (first time buyers) and have picked up in the engagement letter that they are not overseen by the Financial Conduct Authority. Should I be concerned or is that standard with solicitor?
We can't see why they should be. Most conveyancing practitioner don't lend money. They should be regulated by the SRA, who dictate specific rules covering funds sitting by them.