I am expecting a offer of a home loan from Nat West. I would like to use a Licensed Conveyancer in Darton. Does the Nat West Conveyancing panel allow for conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We're in Darton, First time buyers purchasing with a mortgage (lender is Co-operative , and our solicitor is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Will our solicitor be making enquiries concerning flooding as part of the conveyancing in Darton.
Flooding is a growing risk for lawyers dealing with homes in Darton. There are those who purchase a property in Darton, completely aware that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, but there are a various searches that can be initiated by the purchaser or by their lawyers which can give them a better understanding of the risks in Darton. The conventional set of information given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a usual question of the seller to determine if the property has suffered from flooding. If the residence has been flooded in past which is not notified by the seller, then a purchaser may commence a claim for damages resulting from an incorrect answer. The buyer’s conveyancers should also conduct an enviro report. This should higlight if there is a recorded flood risk. If so, additional investigations will need to be initiated.
It has been three months since my purchase conveyancing in Darton completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 asset 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.
What is different about your site and other online quote calculators for conveyancing in Darton?
At this site secure a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Darton. Unlike many estate agents and brokerage sites we do not have commission arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm paying the highest commission, as opposed to the best value conveyancing in Darton
Much to my surprise my lawyer in Darton has requested from me ID documents stating that this is part of his obligations as a solicitor on the bank Conveyancing panel. Is this right?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the bank. This is not unique to conveyancing in Darton