It has come to my attention via my lender that my Old Stratford lawyer is not on the bank Solicitor panel. What can I do to check?
Your first step should be to contact your Old Stratford lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
Having sold my house in Old Stratford last October but the buyer keeps telephoning me to say her lawyer needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your house sale your lawyer is committed to deliver the transfer deeds and all of the paperwork to the purchaser's conveyancer. If applicable, your conveyancer should also send confirmation that the home loan has been paid off to the buyers conveyancers. There are no post completion formalities unique to conveyancing in Old Stratford.
We wanted to use a property lawyer in Old Stratford for our house move. Our broker informed us that our mortgage company Coventry Building Society won't deal with them. Surely this is unfair competition?
Pre- 2008 most banks had a different appetite for risk. Almost all Old Stratford conveyancing firms would have been on most mortgage company panels. The financial services regulator in 2010 conducted a thematic review into mortgage fraud which come to the conclusion: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders are increasingly seeing more information from law firms concerning their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum amount of transactions. Many Old Stratford conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Old Stratford is amongst the hundreds of areas where the conveyancers we list are members of the panel for Coventry Building Society.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Old Stratford is the location of the property. Can you offer any guidance?
Flying freeholds in Old Stratford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Old Stratford you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Old Stratford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to instruct a conveyancing lawyer in Old Stratford for my sale. Can I review a solicitor's record with the profession’s regulator?
One may review presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The regulator may recorded telephone calls for training requirements.
My brother is buying a studio flat in Old Stratford. He was given a quote by the property lawyer recommended by the selling agents and it came to £1385 . It was seven years ago I sold and purchased a house and it cost was £500. Have costs really increased to that extent?
We would recommend that you visit two or three local Old Stratford conveyancing solicitors seeking prices. It is advisable to base your selection not solely on cost, but on promptness and on how comprehensive the reply is.