My IFA has requested my Hertfordshire law firm’s panel member for the Nat West conveyancing panel. How do I discover this. I have contacted my local Hertfordshire office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Hertfordshire property lawyer . They should have a central record lender panel numbers.
Should lawyers request an advanced payment when it comes to conveyancing in Hertfordshire?
If you are buying a property in Hertfordshire your solicitor will request that you place them with monies to cover the search fees. Normally this is asked for to cover the fees of the Local Authority Search. When the deposit is payable against the total price then this should be required shortly prior to exchange of contracts. The final balance that is due should be sent to your lawyer a few days ahead of the day of completion.
The Hertfordshire conveyancing firm that just started acting on my house acquisition in Hertfordshire have suddenly shut down. I only went with them because I had to have a solicitor on the Principality conveyancing panel and my family Hertfordshire lawyer was not. I paid them £170 on account. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Principality 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 should be in a position to assist.
It has been 3 months following my purchase conveyancing in Hertfordshire completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
Should I be concerned about brokers that I am dealing with are suggesting an internet conveyancing firm rather than a High Street Hertfordshire conveyancing company?
As with many service providers, often input from family and friends can be worth their weight in gold. Nevertheless there are many players in a conveyancing deal; estate agents, financial adviser and banks may recommend solicitors to select. On occasion these conveyancers might be known to one of the organisations as being good in their field, but occasionally there may be a commercial relationship behind the endorsement. You are free to appoint your preferred lawyer. You need to be aware that some mortgage providers have an approved list of solicitors you have to use for the lender related work in your transaction.