Am I correct in assuming that the fact that my solicitor in Fairbourne is not listed on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s work?
That would most likely be a wrong assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Fairbourne conveyancing practice and enquire why they are no longer on the approved list for your lender.
What is the difference between a licensed conveyancer and conveyancing solicitor in Fairbourne
There are two types of lawyers who can carry out conveyancing in Fairbourne namely licenced conveyancers or solicitors. The two can provide conveyancing services that you need to complete the sale or acquisition of property. They are both required to handle Fairbourne conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that the requisite steps should be suitably attended to.
We are aiming to move home in March. Does my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Fairbourne. Conveyancing solicitor was found before I stumbled across your website.
On the afternoon of completion you can collect the house keys from the estate agent however this can only take place when the previous owners conveyancers confirm to the agent that the monies to complete are in and the keys can be passed over. You can advise the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can assist you in locating a conveyancing in Fairbourne or a solicitor that specialises in conveyancing in Fairbourne.
We had instructed conveyancers locally in Fairbourne on the Coventry BS solicitor approved list. They have just billed me a separate fee for the legal aspects of the Coventry BS mortgage. Is this an additional conveyancing fee specified by Coventry BS?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancing practitioner may levy a fee for this. This fee is not set by Coventry BS but by your Fairbourne solicitor. Some firms on the Coventry BS panel will levy ’dealing with mortgage’ fee but many firms incorporate it on their overall fee.
three months have gone by since my purchase conveyancing in Fairbourne took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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 on the look out for a leasehold apartment up to £305k and found one round the corner in Fairbourne I like with a park and station in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Fairbourne suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Why can't I complete our conveyancing in Fairbourne on Good Friday?
This is due to the fact that on completion the funds will pass between the banks of the purchaser and seller's property lawyer and at present this can only occur on a working day. It is not possible to complete on a saturday or sunday either.