It has come to my attention via my IFA that my Shenfield solicitor is not on the bank Solicitor panel. How can I be certain whether this is indeed the case?
The first thing you need to do is to call your Shenfield lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
I am under pressure from the executor of a property in Shenfield to sign contracts within four weeks. What can I do to quicken up the conveyancing process?
In the event that you are under a tight deadline to sign contracts it is advisable to make sure that your solicitor is familiar with the area as they will benefit local relationships and insight. It is possible that they could have handled previousproperties in the same neighbourhood. Therefore consider using a Shenfield conveyancing lawyer. Second, be sure that the conveyancing firm is on the lender panel. It is said that just under twenty per cent of Shenfield conveyancing deals are frustrated or jeopardised after discovering a buyer’s conveyancer was not on their mortgage lender’s panel. This can often result in the transaction being held up by almost 21 days. It is believed that this issue affects approximately one hundred thousand home sales annually. Almost all Shenfield conveyancing practices can not represent certain mortgage companies so do check as early as possible.
After reviewing mumsnet.com for a cheap solicitor in Shenfield, most post that I must look for a CQS assured solicitor. Can you explain what CQS is?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's major banks. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). CQS is not a scheme offered by the Society for Licensed Conveyancers. Shenfield is one of the numerous areas in England and Wales where there are CQS lawyers.
What does a local search tell me regarding the property I am buying in Shenfield?
Shenfield conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search is essential in every Shenfield conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
My husband and I are disposing of a Shenfield apartment left to us seven years ago in 2009. I have over 12 years conveyancing know-how and, although retired, wish to undertake my own conveyancing. The purchaser's conveyancing practitioner has informed me that their mortgage company will not allow you to do your own conveyancing requiring the funds to be passed via a solicitor's bank account.
Lending instructions to conveyancers from all CML members state that If the vendor is not legally represented the borrower's lawyers should check whether the bank needs to be told so that a decision can be reached as to whether they are prepared to move forward.