My IFA has requested my Colyton lawyer’ panel member for the HSBC conveyancing panel. Can you suggest how I discover this. I have called my local Colyton office but they have not responded to me.
You are best placed to get this information from your Colyton solicitor . They retain a central record lender panel numbers.
Do banks and building societies provide you with an approved list of Colyton conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?
Colyton conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
The Colyton conveyancing firm that I appointed last week on my house acquisition in Colyton have suddenly closed. I only went with them because I had to have a firm on the Bank of Ireland conveyancing panel and my family Colyton lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
It has been five months since my purchase conveyancing in Colyton concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I was advised by numerous estate agents in Colyton to choose a conveyancer using your seach tool. Is there a financial upside for Estate Agents to recommend your site rather than another?
We refuse to give any financial incentive for sending work in our direction. We found it would be just too difficult a fee because a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have just discovered that one of the directors of the law firm undertaking the purchase conveyancing in Colyton is a relative of the seller. Is this permitted?
As long as no conflict arises this should be fine. If you are obtaining a mortgage then the lender may have a say as many lenders have specific instructions concerning this. For example for Yorkshire Building Society as of 6/6/2025, the requirements read as follows :
* there is no conflict of interest and none arises during the transaction
* the firm is a partnership
* the conveyancer acting is not the borrower or a member of the borrower's immediate family