Is the fact that my solicitor in Alfriston is not identified on my mortgage company's conveyancing panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible 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. Where you are concerned you should simply call the Alfriston conveyancing practice and enquire why they are no longer on the approved list for your bank.
We note that you have a search directory listing firms on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Alfriston?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Alfriston.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Alfriston?
There are many registered licenced Conveyancers in Alfriston and Solicitor practices in Alfriston offering conveyancing We would stress that the two are regulated professionals specialising in the legal work in the home buying process. The two can deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I have a mortgage with Kent Reliance for my property in Alfriston. Conveyancing has been completed a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
Your original mortgage agreement with Kent Reliance will provide that you need their approval prior to renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. It may be that Kent Reliance will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel solicitor.
Principality have agreed my mortgage in principle, my offer on a apartment in Alfriston has been accepted, what happens next?
The property agent will need to be advised as to your property lawyer's details (be sure the property lawyers are on the lender’s panel). Contact Principality or your financial adviser and finish off any outstanding documentation. Principality will appoint a valuer who will get in touch with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes approximately a week to receive the mortgage offer. Principality will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Alfriston.
How does conveyancing in Alfriston differ for newly converted properties?
Most buyers of new build or newly converted property in Alfriston contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is ready to move into. This is because developers in Alfriston tend to purchase 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 used to new build conveyancing in Alfriston or who has acted in the same development.
I have been sourcing a conveyancing lawyer in Alfriston for my purchase. Is there any facility to check a solicitor's record with the legal regulator?
Anyone may see documented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after Jan 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator could recorded call for training requirements.