Is the fact that my conveyancer in Pitstone is not listed on my bank's solicitor panel that there is a problem with the quality of her work?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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 simply call the Pitstone conveyancing practice and enquire why they are no longer on the approved list for your bank.
When can the exchange of contracts happen for purchase conveyancing in Pitstone and do I need to attend the solicitors branch?
Where you are local to our conveyancing solicitors in Pitstone you are invited in to sign the paperwork. However, the firms we recommend provide countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Pitstone)to be in the office at the appropriate time.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Pitstone lawyer on the Yorkshire BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
About to purchase house in Pitstone. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Pitstone solicitor is on the Virgin Money conveyancing panel.
My offer on a semi in Pitstone has been agreed to, the owners do however have a tied purchase. The sellers have placed an offer on on an apartment, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have selected a local conveyancing solicitor in Pitstone. What should be my next step? When do I get the mortgage application with UBS going?
It is normal to have concerns where there is a chain as you are unlikely to want to incur costs too early (home loan application is in the region of one thousand pounds, then survey, Pitstone conveyancing search costs, etc). The first thing to do is ensure that your conveyancing practitioner is on the UBS conveyancing panel. Concerning the subsequent stages this very much depends on the circumstances of your transaction, desire for this property and on the state of the market. During a hot market some home buyers will apply for the mortgage with UBS and pay for the valuation and only if it comes back ok would they request their conveyancer to move forward with the conveyancing in Pitstone.
I have been sourcing a conveyancing solicitor in Pitstone for my home move. Is there any facility to check a firm’s record with the legal regulator?
Anyone may read published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
Our lenders have just issued us with a mortgage offer. We have retained a high street conveyancer in Pitstone last week. Today, our mortgage adviser contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the lender had a say Is this legal?
You can actually select any conveyencer you wish to choose for your conveyancing in Pitstone but if your mortgage company aren't happy with them you will have to fork out additional cost so your bank can instruct their own lawyers. It may be possible your solicitor may apply to get added to the lender list of approved firms. Do make the most of online tools including lenderpanel.com to find a conveyancing solcitor in Pitstone on the bank panel. You can go into your local lender branch in Pitstone. They can recommend conveyancing solicitors in Pitstone on the bank panel.