My fiance and I are looking to buy a home in Bideford and are in fact using a Bideford conveyancing firm. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Accord Mortgages Ltd have this evening contacted us to advise us that they have now hit a problem as our Bideford lawyer is not on their conveyancing panel. Is this a problem?
Where you are buying a property with the assistance of a mortgage it is conventional for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Bideford solicitors, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Would the conveyancing solicitors highlighted via your ’find a lawyer’ app perform right to buy conveyancing in Bideford?
We work with a number of conveyancing solicitors who can conduct right to buy conveyancing Do call us with a view to obtain a costs calculation.
As a novice what is the most important advice you can impart about purchase conveyancing in Bideford?
Not many law firms or advisers will tell you this but conveyancing in Bideford and elsewhere in Devon is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for conflict between you and others involved in the home moving process. For example, the vendor, estate agent and sometimes your bank. Appointing a law firm for your conveyancing in Bideford an important selection as your conveyancer is your adviser, and is the ONE party in the transaction whose interest is to act in your legal interests and to protect you.
Sometimes a third party with a vested interest may attempt to persuade you that you should follow their advice. For instance, the property agent may claim to be helping by claiming that your solicitor is slow. Or your financial adviser may tell you to do something that is against your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
I have been told that property searches are a common reason for delay in Bideford house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Bideford.
I have justbeen informed that Wolstenholmes have closed. They conducted my conveyancing in Bideford for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bideford conveyancing specialists.