Am I correct in assuming that the fact that my conveyancer in Worcester is not identified on my mortgage company's conveyancing panel that there is a problem with the standard of the firm’s work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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. Where you are concerned you should simply call the Worcester conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
Are the Worcester conveyancing solicitors identified as being on the UBS conveyancing panel, together with their details provided by UBS?
Worcester conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
I need some quick conveyancing in Worcester as I have an ultimatum to sign on the dotted line in less than 2 weeks. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you are at free not to do searches although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Worcester the following are examples of what can show up and therefore affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
I am buying my first flat in Worcester with a loan from Birmingham Midshires. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The property agent advised me not disclose to my conveyancer about this side-deal as it may jeopardize my loan with Birmingham Midshires. 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.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Worcester is where the house is located. What do you suggest?
Flying freeholds in Worcester are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Worcester you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Worcester may decide 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.
What makes your site different to alternative internet conveyancing solicitors for conveyancing in Worcester?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Worcester. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you instruct them for your property ownership legalities in Worcester