Finally the sale completed on my house in Burnham Market last November yet the purchaser is texting daily complaining that their conveyancer needs to hear from mylawyer. What should have happened following completion?
Post completion of your disposal your lawyer should deliver the transfer deeds and all additional paperwork to the purchaser's lawyers. If applicable, your conveyancer must also send confirmation that the legal charge in favour of the lender has been discharged to the purchasers conveyancers. There is unlikely to be post completion steps just for conveyancing in Burnham Market.
My fiance and I are purchasing a newly converted flat in Burnham Market with a homeloan from Bank of Ireland.We have a Burnham Market conveyancing solicitor but Bank of Ireland says her practice is not listed on their "panel". We have to appoint a Bank of Ireland panel firm or retain our high street solicitor and pay for a Bank of Ireland panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The home loan offered to you is subject to its various provisions, one of which will be that lawyers must be on the Bank of Ireland approved list. in the past, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Bank of Ireland
We are purchasing a house in Burnham Market. It might be a silly question but how we can trust a lawyer? On the day of competition we have to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can I be sure that the Burnham Market conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Burnham Market getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your transaction.
I am selling my flat. I had a double glazing fitted in October 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Clydesdale are being difficult. The Burnham Market solicitor who is on the Clydesdale conveyancing panel is saying indemnity insurance will be fine but Clydesdale are requiring a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Due to the encouragement of my in-laws I had a survey completed on a property in Burnham Market prior to instructing lawyers. I have been told that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will refuse to give a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you e-mail us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Burnham Market. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burnham Market to see if the conveyancing will be more expensive.
Do I need to be wary by estate agents that I am dealing with are recommending a national conveyancing firm rather than a High Street Burnham Market conveyancing practice?
As with lots of professional services, often recommendations from relatives can be worth their weight in gold. Nevertheless there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and banks might all put forward conveyancers to instruct. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the endorsement. You have the discretion to choose your preferred conveyancer. However, bear in mind that many banks have an approved list of solicitors you have to use for the lender related work in your conveyancing.