My husband and I are looking to purchase a property in Woodstock and are in fact using a Woodstock conveyancing practice. Within the last couple of days our conveyancer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Chelsea Building Society have this evening contacted us to advise us that there is now an issue as our Woodstock conveyancer is not on their conveyancing panel. Please explain?
Where you are buying a property with the assistance of a mortgage it is standard for the purchasers' lawyers 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 Accreditation 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 Woodstock lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
Having sold my house in Woodstock last September but our buyer keeps calling daily to moan that her conveyancer needs to hear from mylawyer. What are the post completion sale formalities following completion?
Post completion of your house sale your lawyer is committed to deliver the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your lawyer must also evidence that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There is unlikely to be post completion steps just for conveyancing in Woodstock.
I am purchasing a house and the solicitor has mentioned Chancel Repair for which the property could be obligated to contribute to because it falls into the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Woodstock
Unless a previous acquisition of the premises completed post 12 October 2013 you can expect conveyancing practitioners conducting conveyancing in Woodstock to continue to propose a a chancel search and or chancel repair liability policy.
I used Action Conveyancing a few years past for my conveyancing in Woodstock. Now, I need my files but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Woodstock of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I opted to have a survey carried out on a house in Woodstock in advance of retaining conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some lenders tend not grant a mortgage on this type of property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Woodstock. Conveyancing may be slightly more expensive based on your lender's requirements.