My fiance and I are planning to purchase a house in Southsea and are in fact using a Southsea conveyancing firm. Within the last couple of days our solicitor has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Halifax have this afternoon contacted us to inform me that there is now an issue as our Southsea lawyer is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of 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 don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Southsea lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
I have given 2 months notice to my existing landlord and have to be out of my rented property in Southsea by 10/6/2019. Conveyancing for my house purchase has just started. How realistic is it to complete in three weeks as don't want to have to move into short term accommodation?
The normal practice is not to serve notice on a rental unless you have exchanged. If you have not previously done so, notify to your conveyancer and urge them to they seek the assistance the owners lawyers, try to get a realistic time scale from them that all parties will aim towards
As someone unfamiliar with the Southsea conveyancing process what’s your top tip you can give me concerning the legal transfer of property in Southsea
Not many law firms shout this from the rooftops but conveyancing in Southsea or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there is plenty of room for confrontation between you and other parties involved in the house moving process. For example, the vendor, estate agent and even potentially the mortgage company. Selecting a lawyer for your conveyancing in Southsea should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to act in your best interests and to keep you safe.
On occasion a third party with a vested interest may try and persuade you that it is in your interests to do things their way. For example, the selling agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your financial adviser may tell you to do take action that is contrary to your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
We hope to to purchase with Darlington Building Society. We have called around locally yet am struggling to find a Southsea conveyancing firm on the Darlington Building Society approved list. Please you assist?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type Southsea or your location and you will be presented with numerous conveyancers offices in Southsea or near you.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Southsea?
Two types of professional can execute conveyancing in Southsea namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that you need to complete the sale or acquisition of property. They are both required to perform Southsea conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be professionally conducted and that the requirements and steps will be correctly adhered to.
This question may be naive but I am wet behind the ears as a 1st time buyer of a ground floor flat in Southsea. Do I receive the keys to the property on the completion date from my lawyer? If this is the case, I will find a local conveyancing solicitor in Southsea?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you will be called to pick up the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
Last month we had a mortgage agreed in principle with Leeds Building Society. Southsea conveyancing practitioners have been selected. How long does it take for Leeds Building Society to issue the offer to the lawyer?
Some lenders take longer than others. Have Leeds Building Society completed the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.