Is the fact that my conveyancer in Paddock Wood is not listed on my lender's solicitor panel that there is a problem with the standard of his conveyancing?
That is more than likely a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Paddock Wood conveyancing firm and enquire why they are no longer on the approved list for your lender.
It is 10 years ago since I acquired my home in Paddock Wood. Conveyancing lawyers have recently been retained on the sale but I am unable to find my deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a chance that the deeds will be with your lender or they may stored with the conveyancers who handled the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Paddock Wood relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
I am in the process of remortgaging my apartment in Paddock Wood, does my lawyer have to be on the Kent Reliance Conveyancing panel?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have been told that property searches are a common reason for obstruction in Paddock Wood house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Paddock Wood.
Should I be wary that estate agents that I am dealing with are suggesting an internet conveyancing firm rather than a local Paddock Wood conveyancing company?
As is the case with lots of service providers, often suggestions from family and friends can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing matter; estate agents, financial adviser and lenders may suggest conveyancers to use. Sometimes the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there may be a financial incentive behind the endorsement. You are at liberty to choose your own conveyancer. However, bear in mind that most banks have an approved list of conveyancers you have to use for the mortgage related work in your transaction.
My conveyancers in Paddock Wood have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.