I am under pressure from the mortgagee in possession of a property in Thurrock to exchange within four weeks. What can be done to quicken up the conveyancing process?
In the event that the seller is applying time constraints to exchange it is highly recommended that your lawyer is familiar with the area as they will have local contacts and know-how. It is even conceivable that they would have conducted previoushouses in the same street. You would be best advised to use a Thurrock conveyancing firm. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is understood that 18% of Thurrock conveyancing deals are suspended or derailed after finding out that a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the buying process being frustrated by an average of three weeks. It is understood that this issue affects in the region of one hundred thousand home sales annually. Almost all Thurrock conveyancing practices can not act for certain mortgage companies so do check as early as possible.
We see that you have a search directory listing law firms on the Bank of Ireland conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Thurrock?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Thurrock.
There are numerous conveyancing solicitors in Thurrock but how do I know who's good?
We would encourage you not to go for the lowest Thurrock conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
We are getting the release of further monies on our home loan from Santander as we intend to carry out a loft conversion to our property in Thurrock. Are we obliged to select a local Thurrock solicitor on the Santander conveyancing panel to handle the paperwork?
Santander do not ordinarily appoint firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander conveyancing panel.
We have agreed to purchase a house in Thurrock. One unusual aspect is that the roof has a solar panel. Coventry BS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Coventry BS your lawyer must comply with the formal instructions contained in Part two of UK Finance Lenders’ Handbook for Coventry BS. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Coventry BS where a lease does not satisfy these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Thurrock.
I have recentlydiscovered that Stirling Law have closed. They carried out my conveyancing in Thurrock for a purchase of a leasehold apartment 12 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The quickest method to see if the premises 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 Thurrock conveyancing specialists.
I am purchasing my first flat in Thurrock with a mortgage from Accord Mortgages Ltd. The sellers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my lawyer about this extras as it may adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to instruct a conveyancing lawyer in Thurrock for my home move. Is it possible to see a solicitor's complaints history with the legal regulator?
Anyone may review published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training requirements.