I am buying a flat in Stow on the Wold. My lawyer is not on the mortgage company solicitor panel. Is it possible for me to appoint my Stow on the Wold conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
One will need to appoint a conveyancer to complete the legal work required when you take out a mortgage to buy your home. They will conduct all the relevant legal checks on the property, make sure that you’re registered as proprietor and ensure that all the necessary mortgage documentation is dealt with. You could instruct a Stow on the Wold lawyer of your choosing. However, if the conveyancing practitioner appointed is not a member of the bank approved list further fees will arise as separate legal representation will be need by the bank. Conveyancing panel applications may be submitted, so where your lawyer has not in the past sought membership they should do so.
I am getting closer to an exchange on a property in Stow on the Wold and my mum and dad have sent the 10% deposit to my lawyer. I am now told that as the deposit has not arrived from me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your lawyer is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
We note that you have a post code search directory listing law firms on the TSB conveyancing panel. Do companies pay you a commission if I retain them for our conveyancing in Stow on the Wold?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stow on the Wold.
The Stow on the Wold conveyancing firm that I appointed last week on my house acquisition in Stow on the Wold have without warning shut down. They were on acting for me because I had to have a solicitor on the RBS conveyancing panel and my family Stow on the Wold lawyer was not. I paid them £170 on account. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the RBS 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.
I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Stow on the Wold for a purchase of a freehold house 18 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The easiest way to check if the property is in your name, you can make 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 Stow on the Wold conveyancing specialists.
What are my options where I am not happy with the solicitor who carried out our conveyancing in Stow on the Wold?
We live in an imperfect world, and unfortunately sometimes matters do not go as planned. However there is recourse where you were unhappy with your conveyancing in Stow on the Wold. This varies from trying to resolve matters directly with them, through to reporting a property lawyer to their regulator. If you remain dissatisfied you may consider enlisting the help of the Legal Ombudsman.