Me and my partner are buying a house in East Preston. I might seem paranoid but how we can trust a conveyancer? At some point we will need to put money 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.
is it true that all East Preston solicitor firms on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel in which case such firms would be governed by the CLC.
I am currently in the process of buying my council flat in East Preston. I have a mortgage offer with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
Due to the advice of my in-laws I had a survey completed on a property in East Preston ahead of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Nationwide. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Preston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in East Preston to see if the conveyancing costs will increase in light of this.
Should I be concerned by brokers that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a High Street East Preston conveyancing practice?
As is the case with lots of professional services, often recommendations from relatives can be very helpful. Nevertheless there are numerous people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and banks may put forward lawyers to appoint. On occasion these solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the recommendation. You are at liberty to choose your preferred lawyer. You need to be aware that most mortgage providers operate an approved list of law firms you must use for the mortgage related work in your home move.
My husband and I are first time buyers - agreed a price, yet the agent informed us that the owners will only move forward if we instruct their recommended conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a family solicitor with experience of conveyancing in East Preston
We suspect that the seller is not behind this request. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Contact the vendors directly and explain that (a)you are genuine buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to instruct your own,trusted East Preston conveyancing solicitors - as opposed tothose that will give their negotiator at the agency a commission or meet his conveyancing targets set by HQ.
We have been told by various family members to expect six to eight weeks for East Preston conveyancing to complete.This was 3 ago. The property information was only sent from the vendors lawyer yesterday so does the time start running now?
You need to be realistic about timescales. Property transactions in East Preston takes on average about ten weeks. This timeframe is not because conveyancing practitioner are slow and deliberately delay matters. The amount of money involved in buying any property is so high, the buyer’s conveyancing practitioner having to carry out a wide range of questions, searches and other checks to protect the buyer and their lender (if there is to be a home loan) from expensive, avoidable problems. Conveyancing in East Preston involves obtaining information from various third parties, for example other solicitor, local councils, private companies, building societies and banks. Some of these are efficient. Others aren't. It is worth noting that, no matter how quickly your solicitor do their part, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are.