Much to our surprise we have been notified by our estate agent that my Godshill property lawyer is not on the mortgage company Solicitor panel. How can I be sure that this is correct?
Your first step should be to contact your Godshill conveyancer. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they may recommend you to a Godshill conveyancing firm that is on the conveyancing panel for your mortgage company.
Our son is buying a house that has just been built in Godshill with a home loan from Leeds Building Society. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
The Godshill conveyancing firm that I recently instructed on my purchase in Godshill have without warning shut down. I only went with them because I had to have a solicitor on the Skipton conveyancing panel and my preferred Godshill lawyer was not. I paid them £170 on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors 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 Skipton 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 assist.
I have been told that property searches are the number one reason for delay in Godshill conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Godshill.
How straightforward is it to use the search app to choose a conveyancing practitioner in Godshill on the authorised to act for my bank?
Step one is to choose a bank such as Lloyds TSB Bank, Bank of Scotland or Britannia then choose your location e.g. Godshill. Conveyancing organisations in Godshill and further afield will then be identified.
In sourcing the world wide web for the phrase on line conveyancing in Godshill it reveals numerous solicitorsin the area. How do I determine which is the suitable property lawyer for me?
The ideal way of seeking the right conveyancer is via personal recommendation, so enquire of colleagues and relatives who have acquired a property in Godshill or a reputable estate agent or mortgage broker. Fees for conveyancing in Godshill vary, so it's sensible to secure a minimum of three fee calculations from varying types of property lawyers. Be sure to secure confirmation what costs in the quote includes.