I am not in a position to travel far from Reading. I would like to know the reason why all Reading conveyancing practitioners are not on all lender panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or conveyancer’s perspective, the other side of the coin is that banks are increasingly anxious and regard it vital to defend themselves from mortgage fraud. As a result of this concern banks have restricted their panel of approved conveyancing lawyers to a size that they are happy to control.
Is it possible for conveyancing in Reading to be concluded in 10 days?
In the event that you are under time constraints for your conveyancing we would recommend that your solicitor is familiar with the location as they will make use of local connections and know-how. It is even conceivable that they may have handled previousproperties in the same street. You would be best advised to use a Reading conveyancing solicitor. Second, make sure that the conveyancing firm is on the member panel. It is believed that just under twenty per cent of Reading conveyancing deals are held up or derailed after finding out that a purchaser’s solicitor was not on their banks member panel. In many cases this discovery resulted in the legal transfer of property being held up by an average of three weeks. It is understood that this issue affects approximately one hundred thousand home moves every year. Most Reading conveyancing practices can not act for certain lenders so do check at the outset.
I am purchasing a new build flat in Reading. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Reading you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Reading.
My wife and I are close to exchanging contracts on the sale of our home in Reading and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A high street Reading conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a factory type conveyancing practice as opposed to a conveyancing solicitor in Reading. We have lived in Reading for 4 years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking to sell my property. My former lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Reading if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Reading. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.