Am I correct in assuming that the fact that my conveyancer in Rye is not listed on my bank's conveyancing panel that there is a problem with the quality of the firm’s work?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack 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. Where you are concerned you should simply call the Rye conveyancing practice and enquire why they are no longer on the approved list for your lender.
Would the conveyancing lawyers that you recommend conduct auction conveyancing in Rye?
We know of a few niche solicitors we can put you in touch with those specialising in auction conveyancing. Rye is just one of our locations where our lawyers are based.
Why do I have to pay up front when it comes to conveyancing in Rye?
If you are buying a property in Rye your lawyer will request that you put them with funds to cover the search fees. Ordinarily this is needed to cover the fees of the Local Authority Search. When the deposit is payable against the total price then this should be needed immediately in advance of exchange of contracts. Any further balance that is due should be transferred a couple of days prior to the completion date.
I have Fifty Six years remaining on my lease and need a lease extension for my flat in Rye. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/9/2023 the requirements read as follows :
I have been told that property searches are the number one cause of delay in Rye house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Rye.