Is the fact that my conveyancer in Writtle is not on my bank's solicitor panel that there is a problem with the quality of her conveyancing?
It would not be wise to jump to that conclusion. There are plenty of reasonable 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 solicitor 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 contact the Writtle conveyancing firm and ask them why they are no longer on the approved list for your lender.
Is it realistic for conveyancing in Writtle to be concluded inside 3 weeks?
Where the seller is applying time constraints for your conveyancing it is highly recommended that your conveyancer is familiar with the area as they will benefit local contacts and knowledge. It is even conceivable that they would have conducted otherhouses in the same street. You would be best advised to use a Writtle conveyancing solicitor. Second, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Writtle conveyancing deals are held up or jeopardised after discovering a purchaser’s solicitor was not on their banks member panel. In many cases this discovery resulted in the buying process being frustrated by as much as three weeks. It is said that this issue affects approximately one hundred thousand home moves every year. Many Writtle conveyancing practices can not represent certain banks so do check as early as possible.
I am purchasing a semi-detached house in Writtle. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Writtle you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Writtle.
I am buying a new build house in Writtle benefiting from help to buy. The builders would not move on the amount so I negotiated £7000 of extras instead. The sale representative advised me not to tell my lawyer about the deal as it would jeopardize my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a property in Writtle prior to appointing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks will refuse to issue a loan on such a premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Writtle. Conveyancing will be smoother if you use a solicitor in Writtle especially if they are acquainted with such properties in Writtle.
We're novice buyers - agreed a price, yet the selling agent advised that the vendor will only issue a contract if we instruct their recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer who is accustomed to conveyancing in Writtle
It is improbable the vendors are driving this. If they desire ‘a quick sale', alienating a genuine purchaser is likely to cause more damage than good. Try to communicate with the sellers directly and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your preferred Writtle conveyancing firm - as opposed tothose that will earn the estate agent a referral fee or hit his conveyancing figures demanded by senior management.