Is the fact that my conveyancer in Woodcote Green is not listed on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters 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 lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Woodcote Green conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
Our Woodcote Green solicitor has identified an inconsistency between the surveyor’s assumptions in the home valuation survey and what is revealed within the title deeds. My lawyer has advised that he is duty bound to check that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
As someone with no idea as to conveyancing in Woodcote Green what is the number one tip you can give me for the home moving process in Woodcote Green
Not many law firms shout this from the rooftops but conveyancing in Woodcote Green and elsewhere in South London is often a confrontational process. Put another way, when it comes to conveyancing there exists lots of opportunity for conflict between you and other parties involved in the house moving process. E.g., the vendor, selling agent and sometimes a bank. Appointing a lawyer for your conveyancing in Woodcote Green an important selection as your conveyancer is your adviser, and is the SOLE person in the legal process whose responsibility is to look after your best interests and to keep you safe.
On occasion a third party with a vested interest will attempt to sway you that you should follow their advice. For example, the estate agent may claim to be assisting by claiming that your lawyer is wrong. Or your financial adviser may tell you to do something that is against your lawyers guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
We're in Woodcote Green, First timers purchasing with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Woodcote Green?
There are two types of lawyers who can do conveyancing in Woodcote Green namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the disposal or purchase of property. They are both obliged to carry out Woodcote Green conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally conducted and that the necessary procedures should be suitably taken.
I just bought a house at auction in Woodcote Green. Conveyancing is needed. What happens now?
Having legally committed yourself to purchase you now have to retain a conveyancing practitioner quickly as you will have a fast approaching a fixed date to complete the transaction. Every auction property will ordinarily have a bespoke auction pack. This will include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold property the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You should give this to the solicitor working for you at the earliest opportunity. Do make sure that you have funds organised to complete the transaction on the set completion date.
Skipton have agreed my mortgage in principle, my offer on a property in Woodcote Green has been accepted, now what?
Your property agent will need to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s panel). Call up Skipton or the broker and complete any appropriate forms. Skipton will sellect a valuer who will get in touch with the estate agent or vendor to schedule a time for the valuation to happen. Once carried out (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Skipton will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Woodcote Green.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, chain free conveyancing. Woodcote Green is where the house is located. Is there any advice you can give?
Flying freeholds in Woodcote Green are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodcote Green you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodcote Green may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.