I can't travel far from Weldon. I would like to know the understand why all Weldon conveyancing practitioners aren't included on all mortgage company panels?
A decade ago most banks had an approach to risk which differs from the current day. The financial regulator in 2010 carried out a thematic review into property fraud which concluded: know the conveyancers on your panel. Consequently, lenders have since requiredmore information from law firms regarding their operations and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Many law practices have been excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the criteria of amount of transactions the mortgage companies set.
My Weldon lawyer has identified a difference when comparing the assumptions in the valuation survey and what is revealed within the title deeds. My solicitor has advised that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance right?
Your lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am purchasing a flat and need a conveyancing solicitor in Weldon who is on the Platform Home Loans Ltd solicitor. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Weldon. We dont recommend any particular firm.
four months have gone by since my purchase conveyancing in Weldon took place. I have checked the Land Registry site which shows that I paid £175,000 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 property 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 am looking for a conveyancing lawyer in Weldon for my house move. Is there any facility to review a firm’s record with the legal regulator?
Anyone may read documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could recorded telephone calls for training purposes.