I am not in a position to travel far from Caistor. Please explain the reason why all Caistor property lawyers aren't included on all mortgage company panels?
Pre- 2008 most lenders demonstrated an approach to risk which differs from the current day. The Financial Services Authority in 2010 carried out a thematic review into property fraud which concluded: know the property lawyers on your panel. Consequently, banks have subsequently soughtmore data from law firms about their processes and the staff employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of law practices have been excluded from lender panels even though they had an exemplary track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the minimum volume of transactions the mortgage companies insisted on.
As I am unsure how the conveyancing bit works what is the most important piece of guidance you can give me about purchase conveyancing in Caistor?
Not many law firms or advisers will tell you this but conveyancing in Caistor and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is plenty of opportunity for confrontation between you and others involved in the legal transfer of property. For instance, the vendor, estate agent and even potentially your lender. Appointing a solicitor for your conveyancing in Caistor is a critical decision as your conveyancer is your adviser, and is the ONE person in the transaction whose interest is to act in your best interests and to protect you.
There is a distinct increase in the "blame" culture- someone must be at fault for the process taking so long. You must always trust your lawyer above the other parties when it comes to the legal assignment of property.
I am purchasing a terraced house in Caistor. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Caistor you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Caistor.
It has been 3 months following my purchase conveyancing in Caistor concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 property 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.
How do I identify a Caistor law firm on the Barnsley Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 20kilometers to meet the conveyancer.
You can use the facility on this page. Please select a lender and your location and you will see a number of Caistor conveyancing lawyers located nearest you. We have listed some Caistor conveyancing firms towards the end of this page and you can telephone them to see if they are on the Barnsley Building Society member panel