Unfortunately I am unable to travel far from Theale. Can you please explain the reason why all Theale solicitors aren't automatically on all bank panels?
Lenders normally restrict either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such criteria being that the practice must have two or more partners. As well as restricting the structure of firm, some have made a decision to reduce the number of conveyancers they allow to act for them. You should note that banks have no liability for the quality of advice provided by any Theale conveyancing practitioner on their panel. Increases in mortgage fraud was the key driver in the culling of solicitor panels from 2008 notwithstanding that there are contrary views concerning whether solicitors sat at the center of that fraud. Data from the Land Registry indicates that thousands of conveyancing organisations only conduct one or two conveyances a year. Those advocating conveyancing panel pruning ask why law firms should have the right to remain on a lender panel when it is evident that conveyancing is not their speciality?
I have been recommended a conveyancing solicitor in Theale. I need to find out whether they are on the The Royal Bank of Scotland conveyancing panel. Can you advise?
The first thing you should do is e-mail the conveyancer and ask them whether they are on the lender panel. Alternatively please get in touch with The Royal Bank of Scotland who may be able to help.
4 months have elapsed following my purchase conveyancing in Theale took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 residence 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 Theale differ for newly converted properties?
Most buyers of new build or newly converted property in Theale approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Theale tend to purchase the land, 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 property lawyers 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 Theale or who has acted in the same development.
I am selling my property. My previous lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Theale if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Theale. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
What is the reason for my conveyancing practitioner requiring a list of items of identification before they can proceed with my conveyancing in Theale?
Theale solicitors are obliged by the Law Society, SRA, HMLR and current AML legislation to record that the have checked the identity of their clients. It is also sometimes a requirement of your mortgage offer. In addition they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, national insurance number and DOB.