Is the fact that my solicitor in Billericay is not identified on my lender's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed 76% 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. Should you be concerned you should contact the Billericay conveyancing firm and enquire why they are no longer on the approved list for your bank.
I am hoping to move into my new home in Billericay next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the mortgage company. What risks does the mortgage company expect the insurance to cover?
All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not unique to conveyancing in Billericay.
A relative informed me that in purchasing a property in Billericay there may be various restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of anumerous of properties in Billericay which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Billericay should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I are in the process of looking at houses in Billericay and I am now considering a potential offer. Is it wise to have a lawyer on ‘stand by’? I intend to finance via a home loan with Coventry BS.
You should start obtaining conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. As you are obtaining a mortgage with Coventry BS, ask your prospective lawyers if they are on the Coventry BS conveyancing panel otherwise they can't do the mortgage legal work.
Santander have agreed my home loan in principle, my bid on a house in Billericay has been agreed to, now what?
The estate agent will wish to know who your solicitors are (make sure the conveyancing practitioners are on the bank’s approved list). Call up Santander or your financial adviser and finalise any relevant forms. Santander will appoint a valuer who will get in contact with the estate agent or seller to book an appointment. Once conducted (assuming no problems) it takes approximately a fortnight to get a mortgage offer. Santander will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Billericay.
I am buying a house and the conveyancer has raised the issue of Chancel Repair to which the house may be liable as it falls into the area of such a church. She has mentioned insurance. Is this strictly appropriate for conveyancing in Billericay
Unless a previous purchase of the premises completed post 12 October 2013 you can assume that lawyers conducting conveyancing in Billericay to remain encouraging a chancel search and or chancel repair liability policy.
Myself and my wife have just had an offer agreed on a apartment and had an appointment on Wednesday with the Post Office for the mortgage. They have informed us that when it comes to appointing a conveyancing practitioner that if they are not on their approved list of conveyancing practitioners then we will have to pay out an extra fee of £200. This is because they will then have to appoint a property lawyer to act on their behalf as well as the one we appoint for ourselves and we are liable for their fees. I have asked the Post Office to provide me with a list so I can request quotes only from their approved solicitors but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a simple way of finding out who is on a lender panel?
You should ask the Post Office what their criteria for joining their panel is for a solicitor.Then ask the conveyancer of your choice whether they fit that criteria and have they acted on loans for the Post Office in the past. Where the answer to those is yes, then just clarify this with the Post Office. Alternatively please make use of our search tool and we should be able to locate a conveyancer in Billericay on the approved list for the Post Office.