Is the fact that my solicitor in Rendlesham is not on my bank's solicitor panel that there is a problem with the standard of the firm’s work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent 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 lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Rendlesham conveyancing practice and ask them why they are no longer on the approved list for your lender.
I am under pressure from the seller of a property in Rendlesham to exchange within four weeks. What can I do to expedite matters?
In the event that you are under time constraints to complete it is advisable to make sure that your conveyancer is familiar with the area as they will benefit local contacts and intelligence. It is possible that they would have conducted otherproperties in the same neighbourhood. You would be best advised to use a Rendlesham conveyancing lawyer. Second, check that the lawyer is on the on the approved list for your mortgage company. It is claimed that nearly one in five of Rendlesham conveyancing deals are held up or jeopardised after finding out that a buyer’s solicitor was not on their banks member panel. This can often result in the conveyancing being frustrated by an average of three weeks. It is claimed that this issue impacts approximately 100,000 home moves annually. Most Rendlesham conveyancing practices can not represent certain banks so do check as early as possible.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Rendlesham?
There are many recorded licenced Conveyancers in Rendlesham and Solicitor practices in Rendlesham offering conveyancing We would stress that both are regulated professionals specialising in the legal aspects of transferring property. They may both also handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
We are planning to move house in January. Will my conveyancing solicitor call the removal company on the completion day. On a separate note, can you recommend a removal company in Rendlesham. Conveyancing firm was organised before I stumbled across this site.
On the day of completion you can pick up the house keys from the property agent but this can only happen once the vendors lawyers confirm to the agent that they have the completion monies and the keys can be given over. After that you can advise the removal company that you are ready to move in. We are not in a position to recommend a specific removal organisation but can assist you in finding a residential property solicitor in Rendlesham or a legal practice that specialises in conveyancing in Rendlesham.
Our sealed bid on a semi in Rendlesham has been agreed to, but there is a chain. The sellers have offered on a property, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have selected a bricks and mortar conveyancing solicitor in Rendlesham. What do I do now? When should I get the mortgage application with Clydesdale started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then valuation, Rendlesham conveyancing search fees, etc). First, you must ensure that your lawyer is on the Clydesdale conveyancing panel. As to the next phase this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a rising market some purchasers will apply for a home loan with Clydesdale and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with searches.
It has been four months since my purchase conveyancing in Rendlesham completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Rendlesham differ for new build properties?
Most buyers of new build residence in Rendlesham approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Rendlesham usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Rendlesham or who has acted in the same development.