My partner and I are planning to buy a flat in Richmond Upon Thames and have appointed a Richmond Upon Thames conveyancing practice. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Birmingham Midshires have this afternoon contacted us to inform me that they have now hit a problem as our Richmond Upon Thames lawyer is not on their approved list of lawyers. Is this a problem?
If you are buying a property requiring a mortgage it is standard for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Richmond Upon Thames solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
When will exchange of contracts take place for sale conveyancing in Richmond Upon Thames and do I need to be at the conveyancers branch?
If you are round the corner to our conveyancing solicitors in Richmond Upon Thames you are welcome to attend to sign documents. However, the lender approved solicitors we work with offer a nationwide conveyancing service and give just as detailed and professional a job for you when dealing with you electronically. The executing of the purchase agreement is not the critical part. A signed contract simply enables the solicitor to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Richmond Upon Thames)to be in the office at the appropriate time.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when buying a residence in Richmond Upon Thames?
Unless a previous purchase of the premises took place post 12 October 2013 you can assume that solicitors handling conveyancing in Richmond Upon Thames to remain encouraging a chancel search and or chancel repair liability policy.
Is there anything unique about your site and other online quote calculators for conveyancing in Richmond Upon Thames?
At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Richmond Upon Thames. As opposed to estate agents and brokerage sites we do not operate kick-back arrangements with solicitors. Some agents and online brokers 'recommend' solicitors that pays the highest kickback, as opposed to the best value conveyancing in Richmond Upon Thames
My husband and I are 3 weeks into a leasehold purchase having been referred to a firm by the local agent to execute conveyancing in Richmond Upon Thames. I am am very disappointed with the quality of service. Could you help me find new lawyers?
They would have to be really bad to suggest replacing them. Has your loan offer been issued? If so you must advise them of the new contact details and get the mortgage documents are re-sent. Your new conveyancer needs to be on the mortgage company panel to avoid escalating expenses and delays. So that should be your starting point. Our find a solicitor tool should help you find a lender approved conveyancer for your home move in Richmond Upon Thames