We note that you have a post code search directory identifying solicitors on the Principality conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in North Somerset?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in North Somerset.
The North Somerset conveyancing solicitors that just started acting on my house acquisition in North Somerset have suddenly closed. They were on acting for me because I needed a lawyer on the Virgin Money conveyancing panel and my previous North Somerset lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money 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 lawyers may be able to assist.
We expect to receive a AIP from Virgin Money this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any North Somerset solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint North Somerset solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I have paid off my mortgage with Principality. I assume I don't need a North Somerset property lawyer on the Principality panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Principality mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Principality mortgage from the register. Principality, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Principality has sent the Land Registry the discharge electronically, and
- Principality has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in North Somerset off the council. I have a mortgage agreed with Co-operative. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
It has been five months since my purchase conveyancing in North Somerset concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 residence 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 am a sole trader intending to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in North Somerset for less than £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in North Somerset, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. Regarding the costs these will vary based on the structure and heads of terms of the proposed transaction. Let us have your contact information or email so as to enable us to supply you with comprehensive commercial conveyancing quote.
Me and my husband are disposing of a North Somerset house we inherited 8 years ago in 2011. I have over ten years conveyancing know-how and, although retired, wish to conduct my own legal work. The buyer's conveyancer has informed me that their mortgage company will not allow us to do our own conveyancing mandating that the funds to be passed via a solicitor's bank account.
Lending requirements to solicitors from all CML members specify that If the seller does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be informed so that a decision can be reached as to whether or not they are willing to proceed.