Is the fact that my solicitor in Worthing is not on my lender's solicitor panel that there is a problem with the quality of her conveyancing?
That would most likely be a wrong assumption to make. There are plenty of 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 top 5 reasons are as follows: (1) low volume 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. Should you be concerned you should simply call the Worthing conveyancing practice and ask them why they are no longer on the approved list for your bank.
We are selling our house in Worthing. Will my property lawyer need to be required to be on the Lloyds conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
Will our solicitor be making enquiries concerning flooding as part of the conveyancing in Worthing.
Flooding is a growing risk for conveyancers dealing with homes in Worthing. There are those who buy a house in Worthing, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a number of checks that may be undertaken by the purchaser or on a buyer’s behalf which can figure out the risks in Worthing. The standard property information forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard question of the owner to find out whether the premises has suffered from flooding. In the event that the residence has been flooded in past which is not notified by the vendor, then a buyer could issue a claim for damages as a result of such an misleading response. The purchaser’s solicitors may also commission an environmental search. This will indicate if there is any known flood risk. If so, more detailed inquiries will need to be made.
How does conveyancing in Worthing differ for newly converted properties?
Most buyers of new build residence in Worthing approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Worthing typically buy the site, 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 Worthing or who has acted in the same development.
I opted to have a survey done on a property in Worthing prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some lenders tend not grant a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you contact us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Worthing. Conveyancing will be smoother if you use a solicitor in Worthing especially if they are familiar with such properties in Worthing.
As co-executor for the estate of my grandmother I am selling a residence in Neath but I am based in Worthing. My solicitor (who is 260 kilometers awayhas requested that I execute a statutory declaration ahead of completion. Could you suggest a conveyancing practitioner in Worthing who can attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are located in Worthing