Is the fact that my solicitor in Romney is not listed on my lender's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
That would more than likely be an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters 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 Romney conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
Would the conveyancing solicitors listed on your site carry out right to buy conveyancing in Romney?
We have identified numerous conveyancing solicitors carrying out right to buy conveyancing Do contact the conveyancers listed with a view to get a costs illustration.
The Romney conveyancing firm that I appointed last week on my purchase in Romney have suddenly shut down. I chose them because I had to have a lawyer on the Bank of Ireland conveyancing panel and my preferred Romney lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
If you have an estate agent involved then let them know straight away so that they can let the sellers know 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 Bank of Ireland 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 should be in a position to help.
What is your number one tip for choosing a conveyancing solicitor in Romney
Do not opt for the cheapest Romney conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I'm the sole beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Romney. The Romney property was put into my name in October. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in October. Do I have to wait 6 months to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. Some banks would take a pragmatic view as this obligation is primarily there to identify the purchase and immediately sell or the wholesaling and assigning of property.
We have a mortgage agreed in principle with RBS. Romney conveyancing solicitors were selected. What is the average time that one could expect to receive a mortgage offer from RBS?
Some lenders take longer than others. Have RBS done the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am purchasing a new build house in Romney with a loan from Chelsea Building Society. The builders refused to budge the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my conveyancer about the deal as it would put at risk my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the estate of my aunt I am disposing of a residence in Newport but live in Romney. My solicitor (based 300 kilometers from meneeds me to execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Romney to witness this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are based in Romney