Finally the sale completed on my house in White City last May but my buyer keeps calling daily to say his solicitor is waiting to hear from mine. What are the post completion sale formalities now that I have sold?
Following your disposal your lawyer should deliver the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your solicitor should also send confirmation that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion procedures peculiar conveyancing in White City.
What is the difference between a licensed conveyancer and conveyancing solicitor in White City
Two types of professional can perform conveyancing in White City namely licenced conveyancers or solicitors. The two can handle the legal services that you need to complete the sale or acquisition of property. They are both obliged to conduct White City conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly administered and that all necessary steps should be correctly taken.
is it true that all White City solicitors on the Kent Reliance conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers.
About to purchase flat in White City. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the White City conveyancer is on the TSB conveyancing panel.
I have been told that property searches are the number one cause of delay in White City conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to be the root cause of holding up conveyancing in White City.
I am looking for a conveyancing practitioner in White City for my home move. Is there any facility to see a solicitor's complaints history with the profession’s regulator?
Anyone can search for presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit 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 callers outside the UK, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training requirements.
Should I be worried if there is an issue with one of the searches for our conveyancing in White City?
On the whole, almost all adverse entries that arise in White City conveyancing search results can be handled ahead of completion or title insurance can be put in place. It is crucial to remember that although you intend on buying the premises and might be content to live with the search results, your building society or bank may not, and ultimately have the final decision.