My wife and I are about to complete buying a property in Earlswood but as a result of damage from the recent storms I have managed to agree compensation from the seller in the sum of £2k in the form of a adjustment in the price. This was going to be addressed as part of the conveyancing process but Coventry BS are not allowing this. Should they have been notified?
Any conveyancer being on the Coventry BS conveyancing panel is obliged to advise Coventry BS of any changes to the purchase price. If you prohibit your lawyer to disclose the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new conveyancer for your conveyancing in Earlswood.
Please explain the implications if my lawyer’s firm is suspended from the TSB Solicitor panel ahead of completing my conveyancing in Earlswood?
First, 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.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Earlswood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Earlswood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I was pointed in your direction by a number of property agents in Earlswood to get a quote from a property lawyer on your site. Is there a financial incentive for Estate Agents to market your site over another?
We refuse to offer any financial incentive for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am 17 days into a leasehold purchase having been referred to conveyancers by the high street agent to perform conveyancing in Earlswood. I am am extremely disappointed with the quality of service. Can you you assist me in finding new conveyancers?
A lawyer would have to be really poor to suggest replacing them. Has your mortgage offer been generated? If so you must make them aware of the new contact details and have the offer are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company panel to avoid escalating charges and frustration. So that should be your starting point. Our find a solicitor tool can help you find a bank approved lawyer for your conveyancing in Earlswood