I can't travel far from Thetford. I would like to know the reason why all Thetford lawyers are not on all bank panels?
Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in mortgage companies culling less reputable firms from their books of approved conveyancers .
We are close to exchanging contracts on the sale of our home in Thetford and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Thetford lawyer would know that there is no such problem. It does beg the question why the purchasers used a web based conveyancing firm as opposed to a conveyancing solicitor in Thetford. We have lived in Thetford for three years we know that this is a non issue. Should we contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Despite weeks of looking the Title Certificate and documents to my home are lost. The solicitors who did the conveyancing in Thetford 10 years ago are no longer around. What are my next steps?
You no longer need to have the physical original deeds to prove you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Thetford is where the house is located. Can you offer any advice?
Flying freeholds in Thetford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thetford you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thetford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My uncle has encouraged me to use his conveyancing solicitors in Thetford. Should I use them?
No doubt it’s preferable to select a conveyancing solicitor is to get recommendations from friends or relatives who have used the solicitor you're are thinking of instructing.