Am I correct in assuming that the fact that my solicitor in Balby is not listed on my bank's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. 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 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. Should you be concerned you should contact the Balby conveyancing firm and enquire why they are no longer on the approved list for your lender.
As someone unfamiliar with conveyancing in Balby what’s your top tip you can impart concerning the house moving process in Balby
You may not hear this from too many lawyers but conveyancing in Balby and elsewhere in South Yorkshire is often a confrontational experience. Put another way, when it comes to conveyancing there exists lots of opportunity for conflict between you and others involved in the transaction. For example, the vendor, estate agent and even potentially a mortgage company. Choosing a solicitor for your conveyancing in Balby is a critical decision as your conveyancer is your adviser, and is the SOLE person in the process whose role it is to act in your best interests and to protect you.
On occasion a potential adversary may attempt to sway you that it is in your interests to do things their way. As an example, the property agent may claim to be helping by claiming that your conveyancer is wrong. Or your mortgage broker may try to convince you to do something that is contrary to your conveyancers advice. You should always trust your lawyer above all other parties in the conveyancing process.
2 months have gone by since my purchase conveyancing in Balby took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
We're FTB’s - agreed a price, but the selling agent told us that the vendor will only proceed if we instruct the agent's preferred conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Balby
It is improbable the vendors are driving this. Should the owner require ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Try to communicate with the owners directly and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Balby conveyancing firm - not the ones that will earn their negotiator at the agency a referral fee or hit his conveyancing thresholds pre-set by HQ.
We have been told by various family members to expect 6-8 weeks for Balby conveyancing to complete.This was 3 ago. The draft contract was only sent to my lawyer last week so does the clock start running now?
There is no official timeframe for conveyancing in Balby, or any area in the UK. You just have to make sure your finances are in place and in due course the rest will come together.