Do banks and building societies provide you with an approved list of Rayleigh conveyancing solicitors? How do you know who is on the Virgin Money conveyancing panel?
Rayleigh conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
The Rayleigh conveyancing lawyers that just started acting on my house acquisition in Rayleigh have without warning shut down. They were on acting for me because I needed a firm on the HSBC conveyancing panel and my preferred Rayleigh lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?
If you have an estate agent involved then inform them straight away so that they advise the vendors 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 should appoint new lawyers that are on the HSBC 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 help.
This question may be naive but I am wet behind the ears as FTB of a garden flat in Rayleigh. Do I collect the keys to the premises on the completion date from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Rayleigh?
On the day of completion you do not need to go to the conveyancers office in Rayleigh. Your solicitors will transfer the completion advance to the owner’s lawyers, and once they have received this, you will be called to collect the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
Can I be sure that the Rayleigh conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Rayleigh getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer handling your conveyancing.
We have agreed to purchase a house in Rayleigh. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Co-operative be concerned?
As you are obtaining a mortgage with Co-operative your lawyer must comply with the formal instructions outlined in Part two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and lawyers are required to report to Co-operative where a lease does not meet these specifications. The provisions relate to the installation of panels on properties countrywide and is not isolated to Rayleigh.
I need some quick conveyancing in Rayleigh as I have pressure to complete within one month. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Rayleigh the following are instances of what can show up and therefore affect future saleability: Enforcement Actions, Overdue Fees, Overdue Grants, Unadopted Roads,...
How does conveyancing in Rayleigh differ for newly converted properties?
Most buyers of new build property in Rayleigh contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Rayleigh tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Rayleigh or who has acted in the same development.
I opted to have a survey done on a house in Rayleigh ahead of instructing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks may not give a mortgage on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Rayleigh. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rayleigh to see if the conveyancing will be more expensive.