My partner and I are looking to buy a property in St Mawes and have instructed a St Mawes conveyancing practice. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. HSBC Bank have this evening contacted us to advise us that there is now an issue as our St Mawes conveyancer is not on their approved list of lawyers. Is this a problem?
When purchasing a property with the benefit of a mortgage it is standard for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred St Mawes lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
The owners have rather assertive sellers who has insisted on a exclusivity contract with a deposit 10k. Is it wise to enter into such agreements?
This type of contract is unusual in St Mawes, conveyancers will often try and steer clients away from them as they divert attention from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no assurance that just because the proprietor has signed a lock out contract they will complete the sale with you. They may breach the contract if they receive sufficient incentive to do so because an aggrieved purchaser with the benefit of a lockout agreement will still be legally obliged to establish consequential losses from the breach and this may not compare to the extra amount that your seller may obtain by breaching the contract, no matter how morally reprehensible the behaviour is.
We are buying a house and require a conveyancing solicitor in St Mawes who is on the Yorkshire BS conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in St Mawes.
We're in St Mawes, First time buyers buying with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are one month into a leasehold purchase having been directed to a firm by the high street agent to execute conveyancing in St Mawes. I am am starting to be dissatisfied with the level of service. Can you you assist me in finding new conveyancers?
They would have to be very poor to suggest replacing them. Has your mortgage been generated? In the event that it has you must make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. Your solicitor ideally should be on the mortgage company approved list to avoid escalating expenses and delays. So that should be your starting point. Our find a solicitor tool will help you find a bank approved lawyer for your conveyancing in St Mawes
What is the average conveyancing fee for conveyancing in St Mawes?
The average cost in 2014 for conveyancing in St Mawes was £1,500 excluding Stamp Duty and HM Land Registry charges.