Much to our surprise we have been notified by our mortgage broker that my Balsall Common solicitor is not on the lender Conveyancing panel. What can I do to be certain that this is indeed the case?
The best course of action for you to take is to contact your Balsall Common lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Can I use your services to find a Conveyancing solicitor in Balsall Common even where I’m not purchasing or disposing of a house, for example where I want to acquire a shop in Balsall Common with a mortgage from The Mortgage Works?
Our comparison service is predominantly used to locate residential conveyancing solicitors in Balsall Common but we have recorded at the end of this page a few Balsall Common commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they are also authorised to represent The Mortgage Works
The Balsall Common conveyancing firm that I appointed last week on my purchase in Balsall Common have without warning shut down. They were on acting for me because I needed a firm on the Aldermore conveyancing panel and my preferred Balsall Common lawyer was not. I paid them 275 plus VAT in advance. What are my options?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Balsall Common is the location of the property. What do you suggest?
Flying freeholds in Balsall Common are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Balsall Common you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Balsall Common may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What is the difference between surveying and conveyancing in Balsall Common?
Conveyancing - in Balsall Common or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the seller to remedy the problems prior to you move in.