Is the fact that my solicitor in Newbury is not on my lender's conveyancing panel that there is a problem with the standard of the firm’s work?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed 76% 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 solicitor 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 Newbury conveyancing firm and enquire why they are no longer on the approved list for your bank.
Are you able to recommend a HSBC Bank sanctioned Newbury conveyancing solicitor who can have us moved in within under 3 weeks? Would it be better to use a high street Newbury solicitor or a nationwide comparison site?
We can recommend some very good Newbury conveyancing firms. Another option is to visit the main road in Newbury. Approach a couple of law practices and ask to see a conveyancing solicitor for a quote. Mention your expectations together with the reasons and ask for an assurance on speed. Choose the one that genuine.
My wife and I are purchasing a flat in Newbury. It might be a silly question but how we can trust a conveyancer? At some point we have to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My bid for a property was accepted at auction in Newbury. Conveyancing is required. What is next?
Now that you have legally bound yourself to purchase you must instruct a conveyancing solicitor as a matter of urgency as you are facing a tight a drop dead date to complete the transaction. All auction property should have a corresponding auction set of papers. This will include evidence of title and search results. In the case of leasehold property the conveyancing papers may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to leasehold premises. You must pass this on to the conveyancer working for you at the earliest opportunity. Do make sure that your finances are organised to complete the transaction on the set completion date.
Does a directory service exist listing RBS panel conveyancers in Newbury on the Council of Mortgage Lender’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings open the public over the internet. If you are seeking to appoint a Newbury conveyancing practitioner on the RBS please make the most of our facility.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Newbury I like with amenity areas and railway links in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Newbury for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
Should I instruct a Newbury conveyancing practitioner based in the location that I am hoping to buy? I have an old university friend who can carry out the conveyancing however they are based a couple of hundredkilometers away.
The benefit of a local Newbury conveyancing practice is that you can drop in to sign paperwork, hand in your identification documents and pester them where appropriate. Having local Newbury know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and the majority were impressed that must surpass using an unknown Newbury conveyancing solicitor solely due to them being round the corner.