Is the fact that my solicitor in Felling and Pelaw is not listed on my mortgage company's solicitor panel that there is a problem with the quality of her work?
That would more than likely be an incorrect assumption to make. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated 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. Should you be concerned you should contact the Felling and Pelaw conveyancing firm and enquire why they are no longer on the approved list for your lender.
We are buying a brand new apartment in Felling and Pelaw and my lawyer is telling me that she is duty bound to the lender to reveal incentives from the developer. The Estate Agents are hassling me to sign contracts and my preference is not to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Completed the sale of my flat in Felling and Pelaw last April but my buyer keeps SMS messaging every few hours to say their lawyer needs to hear from mine. What should have happened now that I have sold?
Following your sale your conveyancer is duty bound to forward the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also confirm that the mortgage has been discharged to the purchasers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Felling and Pelaw.
I am buying a new build flat in Felling and Pelaw. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Felling and Pelaw 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 Felling and Pelaw.
I have been pointed in your direction by numerous estate agents in Felling and Pelaw to locate a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your lawyers over and above alternative conveyancing organisations?
We don’t offer any referral fee for directing people our way. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.