Is the fact that my solicitor in Wellingborough is not listed on my bank's conveyancing panel that there is a problem with the quality of his work?
That is most likely a wrong assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Wellingborough conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
It has been four months since my purchase conveyancing in Wellingborough took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 property 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.
How does conveyancing in Wellingborough differ for newly converted properties?
Most buyers of new build premises in Wellingborough come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Wellingborough tend to 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 property lawyers 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 Wellingborough or who has acted in the same development.
Is it simple use the search app to locate a conveyancing practitioner in Wellingborough on the authorised to act for my bank?
First pick a bank such as Halifax, Leeds Building Society or Barclays Direct then type in your preferred area for example Wellingborough. Conveyancing practices in Wellingborough and nationally will then be identified.
My husband and I are first time buyers - agreed a price, yet the agent has warned us that the seller will only issue a contract if we appoint the agent's chosen lawyers as they need a ‘quick sale’. Our preferred option is to instruct a high street conveyancer used to conveyancing in Wellingborough
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to instruct your preferred Wellingborough conveyancing firm - not the ones that will earn the negotiator at the agency a kickback or achieve conveyancing figures demanded by corporate headquarters.