I am not well enough to travel far from Bermondsey. Can you please clarify why all Bermondsey conveyancers aren't automatically on all lender panels?
Mortgage Companies tend to impose restrictions on either the type or volume of conveyancing firms on their panel. Frequent examples of such criteria being that a practice needs to have at least two partners. As well as restricting the nature of firm, some banks for example HSBC decided to limit the number of conveyancers they use to act for them. You should note that mortgage companies have no liability for the accuracy of service provided by any Bermondsey conveyancing practitioner on their approved list. Property fraud was a key driver in the culling of conveyancing panels a few years ago even though there are opposing assessments concerning the extent of solicitor involvement in some of that fraud. Data published by HM Land Registry indicates that thousands of law organisations only conduct less than three conveyances annually. Those supporting conveyancing panel cuts ask why law firms deserve any entitlement to be on a lender panel when it is apparent that property law is not their speciality?
I note that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when purchasing a residence in Bermondsey? or I am told that there is historic law that means some homeowners living in a parish church boundary may be liable to pay for maintenance towards the chancel within the church. Is this applicable for conveyancing in Bermondsey?
Unless a prior purchase of the house took place post 12 October 2013 you may assume that conveyancing practitioners delivering conveyancing in Bermondsey to remain encouraging a chancel search and or chancel repair liability insurance.
five months have gone by since my purchase conveyancing in Bermondsey completed. I have checked the Land Registry site which shows that I paid £150,000 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.
My husband and I are a couple of weeks into a leasehold purchase having been referred to a firm by the estate agent to carry out the conveyancing in Bermondsey. We are not happy. Can you help me find new conveyancers?
They would have to be really poor to suggest diss instructing them. Has your mortgage been generated? If so you must make them aware of the replacement lawyer and have the loan are re-issued. Your new conveyancer should be on the mortgage company panel to avoid escalating fees and frustration. That should be your first question of the new solicitors. Our search tool can help you find a lender approved solicitor for your conveyancing in Bermondsey
Living abroad I am unable to attend my Bermondsey conveyancing lawyers office to sign documents for conveyancing in Bermondsey – will this be an issue?
No. Bermondsey conveyancing lawyers can undertake conveyancing transactions for clients who are based anywhere. You are unlikely to be required to be present a Bermondsey conveyancers office. They can deal with everything remotely from their Bermondsey premises.