Am I correct in assuming that the fact that my solicitor in Southsea is not identified on my lender's conveyancing panel that there is a problem with the quality of the firm’s work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated 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 Southsea conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
I am due to exchange buying a property in Southsea but as a consequence of wreckage from a small fire at the property I have managed to agree compensation from the vendor of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but Clydesdale are not allowing this. Should they have been informed?
Your conveyancing practitioner that is on a Clydesdale conveyancing panel is duty bound to advise Clydesdale of any amendments to the sale price. If you prohibit your lawyer to disclose the reduction to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new property lawyer for your conveyancing in Southsea.
My mortgage company has recommended solicitors on their panel based in Southsea but I would rather instruct a conveyancing lawyer in Southsea or nearer to where I live. Can you assist?
Far from all Southsea conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Please make the most of our find an approved solicitor tool to find a Southsea conveyancing conveyancer on the on the bank panel.
Forgive me if this question is silly but I am new to the house moving as a 1st time purchaser of a garden flat in Southsea. Do I collect the keys to the premises on completion from my conveyancer? If so, I will instruct a local conveyancing solicitor in Southsea?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the seller's solicitors, and shortly after the monies have arrived, you will be able to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are planning to move home in August. Should my conveyancing solicitor update the removal company on the completion day. On a separate note, can you put forward a removal company in Southsea. Conveyancing solicitor was chosen prior to coming across this website.
On the afternoon of completion you can collect the keys from your estate agent but this can only occur after the sellers conveyancers inform the agent that the monies to complete are in and the keys can be given over. Subsequently you should inform the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal organisation but can help you locate a conveyancing in Southsea or a lawyer with expertise in conveyancing in Southsea.
Our offer on a property in Southsea has been agreed to, but there is a chain. The vendors have put an offer on a flat, however it’s not yet tied up, and have viewings of other flats in the pipeline. I have chosen a local conveyancing solicitor in Southsea. What do I do now? When should I get the mortgage application with Clydesdale started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then survey, Southsea conveyancing search costs, etc). First, you must check that your solicitor is on the Clydesdale approved list. As to the next steps this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. In a rising market the majority of buyers will apply for the mortgage with Clydesdale and pay for the valuation and only if it was satisfactory would they request their solicitor to press on with the conveyancing in Southsea.
I have todaybeen informed that Stirling Law have closed. They conducted my conveyancing in Southsea for a purchase of a freehold house 10 months ago. How can I check that the property is in my name in the name of the former proprietor?
The easiest method to see 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 Southsea conveyancing specialists.
I opted to have a survey carried out on a house in Southsea prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders tend refuse to grant a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southsea. Conveyancing may be slightly more expensive based on your lender's requirements.