I am purchasing a ground floor flat in Helmsley. My property lawyer is not on the lender approved panel. Am I still permitted to retain my Helmsley conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
Your options include
- Proceed with your chosen Helmsley conveyancer but your bank will need to appoint a property lawyer from their approved list. This will result in additional cost together with potential delay.
- Get a fresh conveyancing practitioner to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your property lawyer to pull out all the stops to join the bank’s panel of solicitors
In researching mumsnet.com for a recommended solicitor in Helmsley, many advise that I should look for a CQS kitemarked solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home moving process, trusted by some of the UK's major mortgage companies. Four years ago the Conveyancing Quality Scheme was officially recognised by the Association of British Insurers (ABI). CQS is not a scheme offered by the Society for Licensed Conveyancers. Helmsley is one of the many areas in England and Wales where there are Accredited lawyers.
3 months have elapsed following my purchase conveyancing in Helmsley took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 residence 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.
How does conveyancing in Helmsley differ for newly converted properties?
Most buyers of new build residence in Helmsley approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Helmsley tend to acquire the land, 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 property lawyers 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 accustomed to new build conveyancing in Helmsley or who has acted in the same development.
My brother has urged me to appoint his lawyers for conveyancing in Helmsley. Do I follow his guidance?
There are no two ways about it the best way to choose a conveyancing lawyer is to get referrals from friends or family who have used the conveyancer you're contemplating using.