I am in the process of selling my home in West Dean and the EA has just e-mailed to warn that the buyers are switching conveyancer. The reason given is that the lender will only deal with property lawyers on their conveyancing panel. On what basis would a major lender only engage with specific solicitors rather the firm that they want to choose to handle their conveyancing in West Dean ?
UK lenders have always had panels of law firms they are content to work with, but in the past few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Lenders blame a rise in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to keep an eye on. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.
Having sold my house in West Dean last May but our buyer keeps e-mailing me to moan that her lawyer is waiting to hear from mylawyer. What should have happened now that I have sold?
Following your house sale your solicitor is committed to send the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. Where relevant, your conveyancer must also confirm that the mortgage has been paid off to the buyers lawyers. There are no post completion steps unique to conveyancing in West Dean.
What is the difference between a licensed conveyancer and conveyancing solicitor in West Dean
There are many recorded licenced Conveyancers in West Dean and Solicitor firms in West Dean to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a two bedroom flat in West Dean. Do I collect the keys to the house on the completion date from my lawyer? If this is the case, I will find a local conveyancing solicitor in West Dean?
On the day of completion you do not need to go to the conveyancers office in West Dean. Your solicitors will arrange to send the completion advance to the owner’s lawyers, and once they have received this, you should be able to pick up the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
Aldermore have agreed my home loan in principle, my offer on a property in West Dean has been accepted, now what?
The estate agent will want to be advised as to your conveyancer's details (ensure that the solicitors are on the bank’s panel). Telephone Aldermore or your broker and finish off any outstanding paperwork. Aldermore will instruct a valuer who will get in contact with the selling agent or vendor to schedule a slot for the valuation to happen. Once carried out (assuming no problems) it takes about a fortnight to receive the mortgage offer. Aldermore will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in West Dean.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. West Dean is the location of the property. What do you suggest?
Flying freeholds in West Dean are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Dean you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Dean may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My husband and I are FTB’s - had an offer accepted, but the agent told us that the owners will only issue a contract if we instruct the agent's chosen lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family conveyancer used to conveyancing in West Dean
We suspect that the owner is unaware of this requirement. Should the owner require ‘a quick sale', turning down a serious buyer is likely to cause more damage than good. Contact the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you are going to appoint your preferred West Dean conveyancing solicitors - rather thanthe ones that will give their negotiator at the agency a introducer fee or achieve conveyancing thresholds set by HQ.
I pay a maintenance contribution for my property in West Dean. Due to losing my job and other issues I slipped behind with remittance. The management company agreed a payment schedule but there is still in the region of £1750 remaining in arrears.
I now wish to sell and I am nervous that this will hold me back if I have to settle the amount due now. I'd like to sell up and then repay the debt from the completion monies - is this achievable?
Your lawyer will hopefully be in a position to negotiate with the management company, and agree with them whether or not they would accept settlement from sale proceeds. Here is an example of why it might be good to use a solicitor in West Dean as they are likely to have an established relationship with the parties.