Is the fact that my solicitor in Parson Cross is not on my bank's conveyancing panel that there is a problem with the standard of his work?
That would more than likely be an incorrect assumption to make. There are plenty of plausible explanations. Just recently a 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) low volume of transactions (2) the lawyer 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 simply call the Parson Cross conveyancing firm and enquire why they are no longer on the approved list for your bank.
We are purchasing our first property. The solicitor has calledto enquire if we want to purchase supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Parson Cross
The range of Parson Cross conveyancing searches should be triggered based entirely on the premises, the location, the likelihood of any of these risks, your knowledge of the locality and risks, your overall appetite to risk. What matters is that you adequately understand what information the searches could provide. You may then decide if you personally think you need that information. If unsure, ask your property lawyer to provide guidance.
I am buying a new build flat in Parson Cross. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Parson Cross you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Parson Cross.
Various web forums that I have visited warn that are the number one reason for hinderance in Parson Cross house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Parson Cross.
Have purchased a a terraced house in Parson Cross , What is the estimated time for the Land Registry to record my ownership? My Parson Cross conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are concluded.
As far as conveyancing in Parson Cross registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether it is in order and if the Land registry must send notices to any other persons or bodies. As of today in the region of three quarters of such applications are completed in less than three weeks but some can be subject to extensive hold-ups. Historically registration takes place once the purchaser has moved in to the property so an expedited registration is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers could speak with the land registry and explain the circumstances.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Parson Cross is where the house is located. Can you shed any light on this issue?
Flying freeholds in Parson Cross are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Parson Cross you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Parson Cross may ascertain 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 premises.