When will exchange of contracts occur in purchase conveyancing in Balby and am I required to attend the conveyancers office?
If you are round the corner to our conveyancing solicitors in Balby you are welcome to attend to sign contracts. However, the lender approved solicitors we work with offer a national conveyancing service and give as equally detailed and professional a job for you when dealing with you by post or email. The executing of the purchase agreement is not the point of no return. A signed contract simply enables the conveyancer to address the formalities at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Balby)to be in the office available at the end of the phone to exchange contracts.
My wife and I are buying a flat in Balby. I might seem paranoid but how we can trust a lawyer? At some point we will need to send funds into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have paid off my mortgage with HSBC. I assume I don't need a Balby conveyancer on the HSBC panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
I had an offer accepted on an apartment in Balby on 18/6/2025, valuation was booked five days after, received a clean bill of health. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
We are intent on selling our home in Balby and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Balby conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a national conveyancing outfit as opposed to a conveyancing solicitor in Balby. Having lived in Balby for 5 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I decided to have a survey done on a house in Balby ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will not issue a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Balby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Balby to see if the conveyancing costs will increase in light of this.
Should I be concerned about brokers that I am dealing with are suggesting a web based conveyancing firm as opposed to a High Street Balby conveyancing firm?
As with many service providers, often recommendations from relatives can be worth their weight in gold. Nevertheless there are numerous people with a vested interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies may put forward solicitors to retain. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but occasionally there is an underlying financial incentive behind the recommendation. You have the discretion to choose your preferred lawyer. However, bear in mind that many lenders specify a panel list of law firms you have to use for the mortgage aspect of your conveyancing.
Do lenders provide you with an approved list of Balby solicitors? How do you know who is on the bank conveyancing panel?
Balby firms and firms conducting conveyancing in Balby themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.