We are soon to complete on the purchase of a house in Edith Weston but as a consequence of wreckage from the recent storms I have managed to agree recompense from the owner in the sum of three thousand pounds by way of a reduction in the price. This was going to be addressed as part of the conveyancing process however Nationwide are not allowing this. Should they have been informed?
The property lawyer that is on the Nationwide approved list is duty bound to disclose to Nationwide of any variations to the sale price. If you prohibit your conveyancer to notify the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new lawyer for your conveyancing in Edith Weston.
It is 10 years ago since I purchased my house in Edith Weston. Conveyancing solicitors have just been retained on the sale but I am unable to locate my deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be with the mortgage company or they may be in the possession of the lawyers who oversaw the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Edith Weston involves registered property but in the rare situation where your home is unregistered it is more tricky but is not insurmountable.
I have been recommended a conveyancing solicitor in Edith Weston. I need to find out whether they are on the Barclays conveyancing panel. Could you advise?
The first thing to do is call your lawyer and ask them if they can act for the bank. Alternatively you should call Barclays who may be able to confirm.
I'm the only recipient of my late grandmother’s estate and I have everything in my name alone, including the house in Edith Weston. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the house. I do know about the CML 6 month 'rule', which means that my proprietorship will be treated the same way as though I had purchased the house in October. Will no one buy the property for half a year?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. many mortgage companies would take a practical view as this obligation is principally there to identify subsales or the quick reselling of properties.
Is it the case that all Edith Weston solicitor practices on the TSB conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the TSB conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
We were going to get a OIP from RBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Edith Weston solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Edith Weston solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
My brother has recommend that I instruct his conveyancers in Edith Weston. Should I choose my own solicitor?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to have recommendations from friends or relatives who have actually previously instructed the solicitor you're considering.