The Great Missenden conveyancing lawyers that I recently instructed on my purchase in Great Missenden have suddenly closed. I chose them because I needed a firm on the HSBC conveyancing panel and my family Great Missenden lawyer was not. I wrote them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the HSBC conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I require expedited conveyancing in Great Missenden as I have pressure to exchange contracts inside one month. Fortunately I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Great Missenden the following are examples of issues that can appear and therefore impact future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I decided to have a survey done on a house in Great Missenden before instructing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks will refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Great Missenden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Great Missenden to see if the conveyancing costs will increase in light of this.
Am I right to be wary that estate agents that I am dealing with are suggesting a web based conveyancing firm as opposed to a local Great Missenden conveyancing practice?
As with lots of service providers, often input from family and friends can be very helpful. Nevertheless there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies may suggest lawyers to select. Sometimes these lawyers might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the endorsement. You have the discretion to appoint your preferred conveyancer. However, bear in mind that many banks have an approved list of law firms you are obliged to use for the mortgage aspect of your conveyancing.
We are a couple of weeks into a leasehold purchase having been referred to a firm by the selling agent to carry out the conveyancing in Great Missenden. I am not happy. Could you help me find new solicitors?
A conveyancer would have to be really poor to suggest replacing them. Has your mortgage offer been generated? If so you need to inform them of the new contact details and have the loan are issued to the new lawyers. Your solicitor ideally needs to be on the lenders approved list to avoid escalating charges and delays. That should be your starting point. The find a solicitor tool should assist you in finding a bank approved solicitor for your home move in Great Missenden