The Great Shelford conveyancing firm that just started acting on my purchase in Great Shelford have without warning shut down. I chose them because I needed a solicitor on the HSBC conveyancing panel and my preferred Great Shelford lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
If you have an estate agent involved then inform them immediately 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 will need to appoint new lawyers that are on the HSBC 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 assist.
I have recentlybecome aware that Action Conveyancing have been shut down. They carried out my conveyancing in Great Shelford for a purchase of a leasehold flat 9 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Great Shelford conveyancing specialists.
How does conveyancing in Great Shelford differ for new build properties?
Most buyers of new build premises in Great Shelford come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because developers in Great Shelford typically purchase 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 conveyancing solicitors 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 accustomed to new build conveyancing in Great Shelford or who has acted in the same development.
I decided to have a survey carried out on a property in Great Shelford ahead of appointing lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies may not give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Great Shelford. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm buying a bungalow in Great Shelford. I have found my conveyancer's company on the Law Society's list, but I can't see my lawyer's name as listed on the regulator's website. Is this a big problem?
Not all staff in the company must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.