Would the conveyancing solicitors that you recommend carry out conveyancing in Worcester by way of an attended exchange?
There are a few conveyancing specialists who can conduct one day exchanges. Please call us to secure a conveyancing quote and details as to dates.
The Worcester conveyancing lawyers that I appointed last week on my house acquisition in Worcester have without warning closed. I only went with them because I had to have a solicitor on the Yorkshire BS conveyancing panel and my preferred Worcester lawyer was not. I cut them a cheque for two hundred pounds in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Yorkshire BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Are there restrictive covenants that are commonly identified as part of conveyancing in Worcester?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Worcester. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Worcester differ for newly converted properties?
Most buyers of new build premises in Worcester come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because developers in Worcester 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 Worcester or who has acted in the same development.
Do all mortgage companies provide you with an approved list of Worcester solicitors? How do you know who is on the bank conveyancing panel?
Worcester law firm practices and firms carrying out conveyancing in Worcester themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.