My IFA has asked me for my Somerset solicitor’s panel reference for the Nat West conveyancing panel. How do I find this out. I have tried my local Somerset office but they cant find it on their system.
The sensible thing to do is ask for this information from your Somerset solicitor . They keep a central record lender panel numbers.
Is it possible for conveyancing in Somerset to be concluded within 3 weeks?
In a situation where the seller is applying time constraints for your conveyancing we would recommend that your conveyancer is familiar with the area as they will have local relationships and knowledge. It is even conceivable that they would have transacted previousproperties in the same street. You would be best advised to use a Somerset conveyancing solicitor. In addition, check that the lawyer is on the member panel. It is estimated that just under twenty per cent of Somerset conveyancing transactions are suspended or derailed after discovering a buyer’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being frustrated by almost three weeks. It is claimed that this issue impacts in the region of 100,000 home sales every year. Many Somerset conveyancing firms can not represent certain lenders so do check at the outset.
My partner and I are close to exchanging contracts on the sale of our house in Somerset and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any high street Somerset lawyer would know this is not the case. It does beg the question why the purchasers used a national conveyancing outfit rather than a conveyancing solicitor in Somerset. We have lived in Somerset for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
five months have gone by following my purchase conveyancing in Somerset concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 premises 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.
My husband and I are novice buyers - had an offer accepted, but the selling agent has warned us that the seller will only proceed if we instruct the agent's recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Somerset
It is unlikely the owners are driving this. If they want ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the vendors direct and make sure they comprehend that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to instruct your own,trusted Somerset conveyancing solicitors - not the ones that will provide their negotiator at the agency a commission or meet his conveyancing targets demanded by head office.