We see that you have a search directory identifying solicitors on the Lloyds conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Southwater?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Southwater.
we are a couple who are hoping to buy a 1 bedroom flat in Southwater with a homeloan from Barnsley Building Society.We have a Southwater conveyancing solicitor but Barnsley Building Society 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 Barnsley Building Society panel firm or retain our high street solicitor and pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, one of which will be that lawyers must be on the Barnsley Building Society conveyancing panel. Until recently, 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 Barnsley Building Society
Various internet forums that I have frequented warn that are the primary reason for delay in Southwater conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Southwater.
2 months have elapsed since my purchase conveyancing in Southwater took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Southwater differ for newly converted properties?
Most buyers of new build property in Southwater contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Southwater typically acquire 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 conveyancing solicitors 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 Southwater or who has acted in the same development.
I need to retain a conveyancing solicitor for freehold conveyancing in Southwater. I have stumble across a web site which looks to be the ideal solution If it is possible to get all the legals completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?