We were about to choose a conveyancing solicitor in Burton upon Stather listed on your site but stumbled across some other estimates via the web look less pricey – how come?
There are many firms of solicitors advertising what appear to be extremely cheap conveyancing in Burton upon Stather. You should think twice about how important this transaction is to you that you are willing to take 'cheap' risks with regard to the standard of the legal work. Many of them list a bargain fee to catch your eye but plant extra costs in the fine print..
The Burton upon Stather conveyancing firm that I appointed last week on my house acquisition in Burton upon Stather have suddenly shut down. I only went with them because I needed a lawyer on the Nationwide conveyancing panel and my family Burton upon Stather lawyer was not. I paid them money on account. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Nationwide 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 lawyers may be able to help.
Will my lawyer be raising enquiries regarding flooding as part of the conveyancing in Burton upon Stather.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Burton upon Stather. There are those who acquire a property in Burton upon Stather, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, however there are a various searches that can be undertaken by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Burton upon Stather. The standard information supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the seller to discover whether the property has ever been flooded. In the event that the premises has been flooded in past and is not notified by the seller, then a buyer may bring a claim for damages resulting from an incorrect response. The purchaser’s lawyers will also carry out an environmental search. This will higlight if there is a recorded flood risk. If so, additional inquiries should be initiated.
five months have elapsed since my purchase conveyancing in Burton upon Stather completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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.
I have been pointed in your direction by numerous property agents in Burton upon Stather to find a solicitor using your seach tool. Is there a financial advantage for Estate Agents to promote your lawyers over another?
We don’t give any financial incentive for sending work our way. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.