I was advised yesterday by my IFA that my Potton solicitor is not on the lender Conveyancing panel. How can I be certain if this is indeed the case?
Your first step should be to call your Potton conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
When can the exchange of contracts take place for domestic conveyancing in Potton and am I required to be at the conveyancers office?
If you are local to one of the conveyancing solicitors in Potton you are invited in to sign contracts. However, the law practices we recommend offer countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The executing of the sale agreement is not the important part. Signing on the dotted line is necessary for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Potton)to be in the office available at the end of the phone to exchange contracts.
Is there a list of Kent Reliance panel conveyancers in Potton on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. Very few banks make their panel listings viewable over the internet. Where you are looking for a Potton conveyancing practitioner on the Kent Reliance please make the most of our facility.
I had a mortgage agreed in principle with Clydesdale. Potton conveyancing solicitors have been selected. How long does it take for Clydesdale to forward the offer to the conveyancer?
There is no definitive answer here. Have Clydesdale done the valuation? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not work out if my mortgage offer requires a lease extension. I have called into my local Potton building society branch on various occasions and was told they are content with the situation and they would lend. My Potton conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend in accordance with their specific requirements. I simply don't know who is right.
As long as the property lawyer is on the bank panel, they must comply with the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I moved into my flat on 10 October and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Potton said it will be registered in less than a month. Are titles in Potton uniquely lengthy to register?
As far as conveyancing in Potton registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can differ depending on who lodges the application, whether there are errors and whether the Land registry need to notify any 3rd persons or bodies. As of today approximately three quarters of submission are completed within two weeks but occasionally there can be longer delays. Historically registration is effected once the buyer is living at the property thus post completion formalities is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
Am I best advised to appoint a Potton conveyancing lawyer in close proximity to the house I am purchasing? We have a good friend who can handle the legal work but they are based 300kilometers away.
The primary upside of using a local Potton conveyancing firm is that you can attend the office to sign documents, deliver your ID and pester them if necessary. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and they were content that must trump using an unknown Potton conveyancing solicitor just because they are Potton based.