Is the fact that my conveyancer in Market Harborough is not listed on my bank's conveyancing panel that there is a problem with the standard of the firm’s work?
That would most likely be an incorrect assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated 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. Should you be concerned you should contact the Market Harborough conveyancing firm and ask them why they are no longer on the approved list for your lender.
Please explain the implications if my lawyer’s firm is removed from the Principality Conveyancing panel ahead of completing my conveyancing in Market Harborough?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a house in Market Harborough? or I am told that there is a law dating back centuries that means some house owners living in a parish church boundary may be liable to contribute towards maintenance towards the chancel within the church. Is this suitable for conveyancing in Market Harborough?
Unless a prior acquisition of the premises completed after 12 October 2013 you can assume that conveyancing practitioners delivering conveyancing in Market Harborough to remain recommending a chancel search and or insurance against a claim.
I used Wolstenholmes a few years past for my conveyancing in Market Harborough. I now require my file however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Market Harborough of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Builders have put forward a lawyer and I've obtained an estimate from them. It's almost two hundred pounds cheaper than my preferred Market Harborough conveyancing practitioner. What's the catch?
Builders frequently have lists of property lawyers who are quick and who know the developer’s paperwork and solicitor. As many developers offer an inducement to select a preferred property lawyer for this reason, any increased cost can be avoided and a developer will not recommend a conveyancing warehouse and run the risk of having the conveyancing stall when they demand an exchange within a tight deadline. A counter-argument for not opting for the suggested property lawyer is that they may be unwilling to 'push' your interests at the risk of upsetting the housebuilder. Where you have concerns that this may be the case you should keep with your local Market Harborough conveyancer.