I am about to exchange on the purchase of a property in Chase Cross but as a result of wreckage from a small fire at the property I have managed to agree recompense from the vendor in the sum of £2k taking the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process however Aldermore are not allowing this. Should they have been informed?
The lawyer that is on a Aldermore approved list is required to inform Aldermore of any variations to the purchase price. If you were to refuse your conveyancer to notify the price change to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new solicitor for your conveyancing in Chase Cross.
Should conveyancers ask for money up-front for my conveyancing in Chase Cross?
If you are buying a property in Chase Cross your solicitor will request that you put them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the purchase price then this will be required immediately prior to contracts are exchanged. The final balance that is needed should be transferred a couple of days prior to the completion date.
What is the difference between a licensed conveyancer and conveyancing solicitor in Chase Cross
There are many registered licenced Conveyancers in Chase Cross and Solicitor practices in Chase Cross offering conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. They may both also deal with other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Is it correct that all Chase Cross CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing list of approved solicitors?
Some major lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Chase Cross building society branch on a couple of occasions and was told it wasn't a problem and they will lend. My Chase Cross conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
As long as the property lawyer is on the bank approved list, she or he must comply with the CML Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I used Arc property Solicitors several years ago for my conveyancing in Chase Cross. Now, I need my files however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chase Cross of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I was recommended by a number of property agents in Chase Cross to get a quote from a conveyancer on your site. Is there a financial incentive for Estate Agents to offer your lawyers ahead of alternative conveyancing organisations?
We refuse to offer any financial incentive for directing people to this site. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.