Is the fact that my solicitor in Laindon is not on my mortgage company's solicitor panel that there is a problem with the quality of his conveyancing?
That is more than likely an incorrect assumption to make. There are plenty of reasonable explanations. Just recently a 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 solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Laindon conveyancing practice and ask them why they are no longer on the approved list for your bank.
All was ready to move into my new home in Laindon next Tuesday. My conveyancer now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the lender. What risks does the lender expect the insurance to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 conditions. These obligations are not limited to conveyancing in Laindon.
We are buying a property in Laindon. It might be a silly question but how we can trust a conveyancer? On the day of competition we will need to deposit our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am assisting my mother sell her flat in Laindon. Does the solicitor commission the energy performance certificate or should I organise this?
Following the abolition of Home Information Packs, energy assessments remained a mandatory component of selling a house. An energy performance certificate must be commissioned prior to the property being advertised. It is not as aspect of the sale process that lawyers ordinarily organise. If you are instructing a Laindon conveyancing lawyer they might be willing to arrange EPC’s given their relationships with long established Laindon accredited person
is it true that all Laindon solicitor firms on the RBS conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel in which case such organisation would be overseen by the Council of Licensed Conveyancers.
My father-in-law has recommend that I instruct his lawyers for conveyancing in Laindon. Should I use them?
Much as we are happy to recommend a Laindon conveyancing lawyer it’s preferable to select a conveyancing solicitor is to get recommendations from friends or family who have actually used the firm that you are are thinking of instructing.
Can you refer me to a conveyancer for conveyancing in Laindon (or a few miles around that area)? This is for purchase only.We did have one selected but just found out that are not on the panel for Virgin Money.
LenderPanel.com is restricted to being a directory service for lawyers who wish to be listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Laindon . We dont recommend any particular property lawyer.