We are soon to exchange on the purchase of a property in Snowdonia but as a result of damage from the recent storms I have managed to agree compensation from the current proprietors in the sum of £3k by way of a adjustment in the price. This was going to be dealt with as part of a side agreement but Nationwide are not allowing this. Why were they informed?
Any conveyancer that is on the Nationwide conveyancing panel is obliged to advise Nationwide of any variations to the sale price. If you prohibit your lawyer to notify the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancing practitioner for your conveyancing in Snowdonia.
Do the Building Society Association intend to launch a online directory to list practices on the Melton Mowbray Building Society conveyancing panel for instance in Snowdonia?
We have not been informed any plans on the part of the BSA to develop such a search facility.
I have been told that property searches are the number one cause of delay in Snowdonia conveyancing transactions. Is this right?
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 in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Snowdonia.
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My father has encouraged me to use his conveyancers in Snowdonia. Do I take his advice?
There are no two ways about it the ideal way to choose a conveyancing solicitor is to seek referrals from friends or relatives who have previously instructed the firm you're are thinking of instructing.