Is the fact that my solicitor in Bowes Park is not on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Bowes Park conveyancing practice and enquire why they are no longer on the approved list for your lender.
Completed the sale of my flat in Bowes Park last April but my buyer keeps SMS messaging daily to say his conveyancer needs to hear from mine. What should have happened following completion?
Post completion of your sale your conveyancer should forward the transfer documentation and all of the paperwork to the purchaser's lawyers. Where appropriate, your solicitor must also evidence that the legal charge in favour of the lender has been redeemed to the buyers lawyers. There are no post completion formalities peculiar conveyancing in Bowes Park.
Various online forums that I have frequented warn that are a common cause of stalling in Bowes Park house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Bowes Park.
How does conveyancing in Bowes Park differ for newly converted properties?
Most buyers of new build residence in Bowes Park come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Bowes Park 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 Bowes Park or who has acted in the same development.
Are there any apps to help search for a Bowes Park law firm on the Bank of Ireland conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of Bowes Park conveyancing lawyers locally. We have detailed some Bowes Park conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Bank of Ireland approved list