I am selling my flat in East Dean and the estate agent has just e-mailed to say that the purchasers are swapping property lawyer. I am told that this is due to the fact that the lender will only engage with solicitors on their approved list. On what basis would a big named mortgage company only work with specific solicitors rather the firm that they want to appoint to handle their conveyancing in East Dean ?
Mortgage companies have always had an approved set of law firms that can act for them, but in the past few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Lenders blame a rise in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to maintain. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are not going to have any impact on this.
What is the difference between a licensed conveyancer and conveyancing solicitor in East Dean
Two types of professional can perform conveyancing in East Dean namely licenced conveyancers or solicitors. Both professionals provide conveyancing services that required to complete the disposal or acquisition of property. They are both required to handle East Dean conveyancing to the same quality and guidelines so you may be sure that your conveyancing will be properly conducted and that the necessary steps should be accurately taken.
A friend pointed out to me me that in purchasing a property in East Dean there may be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of anumerous of properties in East Dean which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in East Dean should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Intending to buy a maisonette in East Dean. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the East Dean conveyancing practitioner is on the RBS conveyancing panel.
I used Wolstenholmes a few years ago for my conveyancing in East Dean. I now require my papers but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in East Dean of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in East Dean differ for new build properties?
Most buyers of new build residence in East Dean approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in East Dean usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in East Dean or who has acted in the same development.
My hope is to acquire a ground floor apartment in East Dean. Conveyancing solicitor has been waiting for, from the vendor, building insurance documents. This afternoon I was informed that the owner must send the insurance paperwork for the flat above also. Why would my solicitor want to check the insurance for the flat above? Is it really necessary? We have been waiting for the last fortnight…
It is not unheard of in leasehold conveyancing in East Dean to discover Conveyancing in East Dean in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats as opposed to the freeholder insuring the entire building - which is clearly better. You should clarify with your conveyancing practitioner but it would appear that your conveyancer is attempting to verify that the complete building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated due to lack of insurance.