My wife and I are looking to buy a home in Broughton Astley and have appointed a Broughton Astley conveyancing practice. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Chelsea Building Society have this evening contacted us to advise us that there is now an issue as our Broughton Astley solicitor is not on their conveyancing panel. What do we do from here?
If you are buying a property requiring a mortgage it is usual for the purchasers' solicitors 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 Quality Scheme. Your property lawyer 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 bank's conveyancing panel as you are at liberty to use your preferred Broughton Astley lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
Completed the sale of my flat in Broughton Astley last February yet the purchaser is telephoning me complaining that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
After completion of your disposal your lawyer is obliged to deliver the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your solicitor should also send confirmation that the mortgage has been redeemed to the buyers lawyers. There are no post completion steps peculiar conveyancing in Broughton Astley.
Various web forums that I have visited warn that are the main cause of delay in Broughton Astley house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in Broughton Astley.
I have todaybecome aware that Stirling Law have been shut down. They conducted my conveyancing in Broughton Astley for a purchase of a freehold house 12 months ago. How can I establish that the property is in my name in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Broughton Astley conveyancing specialists.
How does conveyancing in Broughton Astley differ for new build properties?
Most buyers of new build residence in Broughton Astley come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is completed. This is because house builders in Broughton Astley tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Broughton Astley or who has acted in the same development.
I am thinking of appointing a conveyancing lawyer in Broughton Astley for my home move. Is there any facility to check a solicitor's complaints history with the profession’s regulator?
Anyone may review published Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA may monitor call for training reasons.