I am purchasing a garden flat in Harmondsworth. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Harmondsworth you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Harmondsworth.
It has been 2 months following my purchase conveyancing in Harmondsworth took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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.
Am I right to be concerned that brokers that I am dealing with are encouraging me to use an online conveyancing firm rather than a local Harmondsworth conveyancing company?
As with lots of service providers, often suggestions from family and friends can be very helpful. But there are numerous people with a vested interest in a conveyancing transaction; estate agents, financial adviser and banks might all suggest conveyancers to use. Sometimes these lawyers might be known to one of the organisations as one of the best in their field, but sometimes there may be a commercial relationship behind the endorsement. You are free to select your own lawyer. However, bear in mind that most mortgage providers have an approved list of law firms you are obliged to use for the lender related work in your house move.
We are 18 days into a residential purchase having been recommend to conveyancers by the estate agent to perform conveyancing in Harmondsworth. I am not happy. Could you you assist me in finding new conveyancers?
A lawyer would need to be very poor in order to consider replacing them. Has the mortgage been issued? If so you must inform them of the new contact details and have the offer are re-issued. Your solicitor ideally needs to be on the banks approved list to avoid added charges and frustration. That should be your first question of the new conveyancers. The find a solicitor tool should assist you in finding a lender approved solicitor for your home move in Harmondsworth
My 20yr old son is just in the process of moving home, he had his mortgage in principle. After the offer was accepted on house we called the building society to issue the formal offer. I was shocked to discover that mortgage companies do not accept all conveyancing practitioner, they have to be on a list, is this correct?
Mortgage Companies tend to restrict either the type or the number of conveyancing firms on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Harmondsworth lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.