My partner and I are looking to buy a flat in Wool and are in fact using a Wool conveyancing firm. Within the past 48 hours our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Clydesdale have this evening contacted us to inform me that there is now an issue as our Wool lawyer is not on their approved list of lawyers. What do we do from here?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also represent 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 bank 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 bank's conveyancing panel as you are at liberty to use your preferred Wool lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
I am purchasing a house for cash in Wool. I have lived for the previous 15 years in Wool. Conveyancing searches are expensive. Given that I know the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then all but one or two of the Wool conveyancing searches are non-obligatory. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches completed, but she is duty bound to do this. One thing to take into account; if you are intend to sell the house at a future date, it could be of interest to your prospective purchaser what the searches contain. Sometimes properties with apparent issues can still reveal adverse search results. A competent conveyancing solicitor in Wool will be able to give you some constructive advice in this regard.
We are looking to buy a house and require a conveyancing solicitor in Wool who is on the HSBC solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Wool.
My wife and I have recently appointed a conveyancing solicitor in Wool. I I would like to check whether they are on the Bank of Scotland approved list of lawyers. Can you assist?
The first thing to do is call the solicitor and enquire whether they can act for the bank. Otherwise you can get in touch with Bank of Scotland who may be able to assist.
I have been told that property searches are the primary reason for delay in Wool house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Wool.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The lawyers who dealt with the conveyancing in Wool 5 years ago are no longer around. What do I do?
You no longer need to hold title official documentation to establish that you are the registered proprietor of land or property, given that the Land Registry have everything they need in a digital format.