Am I correct in assuming that the fact that my conveyancer in Pimlico is not listed on my mortgage company's conveyancing panel that there is a problem with the quality of his work?
That would most likely be a wrong assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (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. If you are concerned you should contact the Pimlico conveyancing firm and enquire why they are no longer on the approved list for your lender.
Last December we completed a house move in Pimlico. We have noticed several problems with the property which we believe were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been ordered as part of conveyancing in Pimlico?
The query is vague as to the nature of the problems and if they are relate to conveyancing in Pimlico. Conveyancing searches and investigations undertaken during the legal transfer of property are supposed to help avoid problems. As part of the process, a seller answers a document known as a SPIF. If the information ends up being misleading, then you may have a claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Pimlico.
We wish to acquire a 1 bedroom flat in Pimlico with a loan from The Mortgage Works.We like our Pimlico conveyancing lawyer but The Mortgage Works advised that his firm is not on their approved list of member firms. It seems we are left with no choice but to instruct a The Mortgage Works panel lawyer or keep our high street solicitor and pay for a The Mortgage Works panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan issued to you contains terms and conditions, a common one being that conveyancers must be on the The Mortgage Works conveyancing panel. in the past, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for The Mortgage Works
I am purchasing a property and the conveyancer has mentioned Chancel Repair to which the property may be liable given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly appropriate for conveyancing in Pimlico
Unless a prior acquisition of the premises took place after 12 October 2013 you may take it that lawyers carrying out conveyancing in Pimlico to continue to suggest a chancel search and or chancel repair liability policy.
I have justbecome aware that Wolstenholmes have closed. They conducted my conveyancing in Pimlico for a purchase of a freehold house 9 months ago. How can I check that my home is not still registered in the name of the previous owner?
The easiest method to check if the property is registered to you, you can carry out 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 Pimlico conveyancing specialists.
I am using a search engine for the term conveyancing in Pimlico it brings up many conveyancersin the area. How do I determine which is the right property lawyer for purchase transaction?
The best method of finding the right conveyancer is through a personal testimonial, so enquire of friends and those you trust who have bought a property in Pimlico or the reputable estate agent or financial adviser. Costs for conveyancing in Pimlico vary, so it's a good idea to request a minimum of four estimates from varying types of law firms. Be sure to secure confirmation that the fees are fixed.