The Chipstead conveyancing firm that I appointed last week on my house acquisition in Chipstead have without warning shut down. I only went with them because I had to have a lawyer on the Santander conveyancing panel and my preferred Chipstead lawyer was not. I paid them funds in advance. What should be my next steps?

Assuming that you have an Estate Agent in the equation then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Santander 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 lawyers may be able to help.

What is the difference between a licensed conveyancer and conveyancing solicitor in Chipstead

There are many recorded licenced Conveyancers in Chipstead and Solicitor firms in Chipstead who provide Conveyancing services It is important to make clear that both are supervised by regulatory bodies with both specialising in the legal aspects of transferring property. They may both also handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

When it comes to mortgage companies such as UBS, do Chipstead property lawyers have to pay an annual charge to be on the list of approved solicitors?

We are not aware of any bank fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

Our offer on a house in Chipstead has been accepted, the sellers do however have an associated purchase. The vendors have offered on on an apartment, but it’s not been accepted yet, and are looking at other apartments booked. I have instructed a bricks and mortar conveyancing solicitor in Chipstead. What should be my next step? At what stage do I apply for the mortgage with Virgin Money?

It is normal to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of one thousand pounds, then valuation, Chipstead conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the Virgin Money conveyancing panel. Regarding the subsequent stages this very much depends on the uniqueness of your transaction, motivation for the property and on the state of the market. In a rising market some purchasers would apply for the mortgage with Virgin Money and pay for the valuation and only if it was satisfactory would they ask their lawyer to move forward with the conveyancing in Chipstead.

The estate agent has sent us the confirmation of our purchase of a new build flat in Chipstead. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Chipstead

Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared.

We are 17 days into a residential purchase having been referred to a firm by the estate agent to execute conveyancing in Chipstead. I am am very disappointed with the level of service. Could you help me find new solicitors?

They would need to be very poor in order to consider changing them. Has your loan offer been generated? In the event that it has you will need to advise them of the new contact details and have the mortgage documents are re-issued. The conveyancer needs to be on the mortgage company approved list to avoid supplemental costs and frustration. So that should be your first question of the new solicitors. The search tool will assist you in finding a bank approved conveyancer for your conveyancing in Chipstead

Me and my partner are buying a leasehold flat in Chipstead. Conveyancing estimates are averaging around £two thousand. Is that reasonable?

The average fee in 2014 for conveyancing in Chipstead was just over one thousand four hundred and fifty pounds not including Stamp Duty and HMLR fees.