We note that you have a post code search directory identifying law firms on the Leeds Building Society conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Torpoint?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Torpoint.
We're in Torpoint, First timers purchasing with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am planning to move house in June. Will my conveyancing solicitor liaise with the removal company on the completion day. Incidentally, can you recommend a removal company in Torpoint. Conveyancing firm was organised prior to coming across your site.
On the day of completion you will need to pick up the house keys from your estate agent but this can only be done after the sellers solicitors inform the agent that they have the completion monies and the keys can be collected. After that you will need to inform the removal company that they can start moving you in. We do not recommend a particular removal company but can assist you in finding a conveyancing in Torpoint or a firm that specialises in conveyancing in Torpoint.
Is it the case that all Torpoint CQS (Conveyancing Quality Scheme) solicitors are on the RBS conveyancing panel?
A selection of lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
We have a mortgage agreed in principle with Principality. Torpoint conveyancing practitioners are chosen. How long does it take for Principality to forward the offer to the solicitor?
Some lenders take longer than others. Have Principality done the survey? Have you informed Principality as to your lawyers' details and checked that your lawyers are on the Principality conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
How does conveyancing in Torpoint differ for newly converted properties?
Most buyers of new build residence in Torpoint approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Torpoint usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Torpoint or who has acted in the same development.
We have selected a Torpoint conveyancing solicitor for our house purchase (FTB’s) and have spotted in the engagement letter that they are not regulated by the Financial Conduct Authority. Need I be worried or is that standard with lawyer?
We can't see why they should be. Most solicitor don't lend money. They will be regulated by the SRA, who dictate specific conditions in place on monies deposited on client account.