At what point does exchange of contracts occur in residential conveyancing in Chafford Hundred and do I need to be at the lawyers office?
Where you are in close proximity to our conveyancing solicitors in Chafford Hundred you are welcome to attend to sign documents. However, the lender approved solicitors we recommend offer countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you by post or email. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Chafford Hundred)to be in the office available at the end of the phone to exchange contracts.
Can you clarify what the consequences are if my lawyer’s firm is suspended from the Lloyds Solicitor panel ahead of completing my conveyancing in Chafford Hundred?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
4 months have gone by since my purchase conveyancing in Chafford Hundred concluded. 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 residence 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.
I have been recommended by numerous estate agents in Chafford Hundred to get a quote from a conveyancer on your site. What’s the financial advantage for Estate Agents to promote your site over and above alternative conveyancing organisations?
We don’t offer any financial incentive for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My wife and I have selected a Chafford Hundred conveyancing solicitor for our home move (first time buyers) and have noticed in the terms and conditions that they are not governed by the FCA. Am I right to be worried or is that standard with lawyer?
We can't see why they should be. Most lawyer don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who set strict rules in relation to amounts held in their bank.