My partner and I are acquiring property in South Petherton. My property lawyer is not on the lender solicitor list. Can I still appoint my South Petherton conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?
You have numerous choices available to you here
- Proceed with your chosen South Petherton conveyancing practitioner but your bank will undoubtedly instruct a conveyancer from their approved list. The net result is additional charges and probable delay.
- Get a new solicitor to act in the purchase, making sure they are on the lender conveyancing panel.
- Appeal to your conveyancer to seek to join the bank panel
I am nearing an exchange on a property in South Petherton and my mum and dad have transferred the 10% deposit to my lawyer. I am now told that as the deposit has not arrived from me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The lawyer is legally required to check with lender to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
After reviewing moneysavingexpert.com for an affordable solicitor in South Petherton, most advise that I should use a CQS accredited solicitor. Can you explain what CQS is?
South Petherton Conveyancing Quality Scheme law firms have been granted accreditation by the law Society The Law Society established CQS to promote high standards in the home moving process. CQS helps buyers and sellers to recognise solicitor firms that provide a quality residential conveyancing. South Petherton is one of the many areas in England and Wales in which accredited firms are based. The conveyancing scheme requires law firms to undergo a strict assessment, compulsory training, self-certification, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.
What does a local search tell me regarding the house we're purchasing in South Petherton?
South Petherton conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search plays a central role in most South Petherton conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should supply 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.
three months have gone by following my purchase conveyancing in South Petherton completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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.