As a first time buyer what is the most important piece of guidance you can impart about purchase conveyancing in Long Itchington?
You may not hear this from too many lawyers but conveyancing in Long Itchington or throughout England and Wales is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of opportunity for confrontation between you and others involved in the ownership transfer. For example, the seller, property agent and sometimes your bank. Choosing a law firm for your conveyancing in Long Itchington should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose interest is to protect your legal interests and to protect you.
Every so often a third party with a vested interest may try and persuade you that you should follow their advice. For example, the property agent may claim to be assisting by suggesting your conveyancer is dragging his heels. Or your financial adviser may advise you to do take action that is against your solicitors guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Please explain the implications if my solicitor is expelled from the Principality Solicitor panel ahead of completing my conveyancing in Long Itchington?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Me and my partner are purchasing a apartment in Long Itchington. It might be a silly question but how we can trust a solicitor? At some point we will need to put our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Long Itchington solicitor practices on the Aldermore conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Aldermore approved list of solicitors they would need to be governed by the SRA. Many banks do permit licenced conveyancers on their panel and in that case the practice would be regulated by the CLC.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Long Itchington bank branch on numerous occasions and was told it does not impact the mortgage offer and they would lend. My Long Itchington conveyancing solicitor - who is on the bank conveyancing panel- called and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the conveyancer is on the bank approved list, they must adhere to the Council of Mortgage Lenders’ Handbook conditions 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 have been told that property searches are the primary cause of delay in Long Itchington conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Long Itchington.
I have todayfound out that Wolstenholmes have closed. They carried out my conveyancing in Long Itchington for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest way to see if the property is registered to you, 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 Long Itchington conveyancing specialists.
I have been searching for Long Itchington online conveyancing estimates. Can I be confident that all the Long Itchington firms that are identified on your directory are on the bank conveyancing panel?
The law firms listed on our site have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Long Itchington firm being on the mortgage company conveyancing panel is incorrect.