Am I correct in assuming that the fact that my solicitor in Woodingdean is not on my bank's conveyancing panel that there is a problem with the standard of her conveyancing?
That would more than likely be an incorrect assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Woodingdean conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
It is 10 years ago since I purchased my property in Woodingdean. Conveyancing lawyers have recently been retained on the sale but I am unable to locate my title deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be retained by your lender or they may be in the possession of the lawyers who oversaw the purchase. Secondly in most cases the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in Woodingdean relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
Is there a list of TSB panel conveyancers in Woodingdean on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings visible online. If you are looking for a Woodingdean conveyancer on the TSB please make the most of our facility.
We previously instructed conveyancing lawyers based in Woodingdean on the UBS solicitor panel. They have just billed me an additional charge for dealing with the UBS mortgage. Is this a supplemental conveyancing fee specified by UBS?
Unfortunately, so long as it is in their Terms of Engagement or Quote then yes your conveyancer can charge a fee for this. This fee is not set by UBS but by your Woodingdean property lawyer. Plenty of firms on the UBS panel will quote an ‘acting for lender’ fee and others do not.
My wife and I have arranged a further advance on our home loan from Virgin Money as we want to carry out improvements to our home in Woodingdean. Do we need to appoint a nearby Woodingdean solicitor on the Virgin Money conveyancing panel to deal with the legals?
Virgin Money don't usually instruct firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money panel.
I have been told that property searches are the primary cause of delay in Woodingdean house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Woodingdean.
I am purchasing a new build house in Woodingdean with the aid of help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not disclose to my solicitor about this side-deal as it could impact my loan with Bank of Scotland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Am I best advised to choose a Woodingdean conveyancing solicitor in close proximity to the house I am purchasing? I have an old university friend who can execute the conveyancing however they are based a couple of hundredkilometers away.
The benefit of a local Woodingdean conveyancing practice is that you can drop in to execute paperwork, deliver your ID and pester them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and in the main were happy that must surpass using an unknown Woodingdean conveyancing solicitor just because they are round the corner.