Am I correct in assuming that the fact that my solicitor in Wroxham is not identified on my bank's conveyancing panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. Just recently a 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) 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 contact the Wroxham conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
The owners have rather assertive vendors who has insisted on a lock out contract with a payment two thousand pounds. Is it wise to enter into such agreements?
There are two main downsides with signing a lock out contract (occasionally termed an exclusivity agreement) is that it diverts attention away from progressing with the conveyancing work, so unless it requires minimal or no negotiation then it may turn out to be a cause of frustration and delay. It is not particularly popular amongst Wroxham conveyancing lawyers as a result. The other main negative is the extent of the remedies available - a jilted buyer should not expect to obtain an injunction to stop the vendor completing the sale to an alternative purchaser, so the only remedy available under the agreement will be the reimbursement of abortive charges and, in limited situations, the additional payment of penalties.
I am buying a right to buy a flat in Wroxham. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Wroxham you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Wroxham.
I am assisting my niece sell her house in Wroxham. Does the conveyancer arrange the EPC or should I organise this?
Following the demise of HIPs, energy assessments remained a compulsory component of selling a house. An EPC should be to hand before the property is placed on the market. It is not a task that lawyers ordinarily arrange. Where you are instructing a Wroxham conveyancing solicitor they might help arrange energy performance certificates due to their relationships with long established local assessors
When it comes to lenders such as Yorkshire BS, do Wroxham lawyers have to pay a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I am selling my house. I had a double glazing fitted in November 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Coventry BS are being a right pain. The Wroxham solicitor who is on the Coventry BS conveyancing panel is recommending indemnity insurance as a solution but Coventry BS are insisting on a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Various web forums that I have come across warn that are the main cause of delay in Wroxham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Wroxham.
Are there restrictive covenants that are commonly identified during conveyancing in Wroxham?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Wroxham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’