I can't travel far from Yateley. I would like to know the understand why all Yateley conveyancing practitioners aren't included on all mortgage company panels?
Banks normally restrict either the type or volume of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a firm is required to have two or more partners. As well as restricting the structure of firm, some banks made a decision to limit the size of their panel they permit to act for them. You should note that banks have no accountability for the quality of advice given by any Yateley conveyancer on their approved list. Increases in mortgage fraud was the primary trigger for the rationalisation of solicitor panels a few years ago even though there are conflicting points of view about the extent of solicitor involvement in some of that fraud. Statistics via HMLR exposes that thousands of conveyancing firms only carry out less than three conveyances annually. Those advocating conveyancing panel culls ask why law firms should have the right to be on a conveyancing panel when it is evident that property law is not their speciality?
Why do I have to pay up front for conveyancing in Yateley?
Where you are retaining lawyers for conveyancing in Yateley your solicitor will request that you put them with monies to cover the search fees. Normally this is requested to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this should be required immediately prior to exchange of contracts. The closing balance that is due should be sent to your lawyer shortly before completion.
It has been 4 months since my purchase conveyancing in Yateley concluded. I have checked the Land Registry website which shows that I paid £175,000 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.
Am I better off to appoint a Yateley conveyancing practitioner in close proximity to the house I am hoping to buy? We have a good friend who can handle the conveyancing however they are based a couple of hundredkilometers away.
The benefit of a high street Yateley conveyancing practice is that you can pop in to execute documents, present your identification documents and pester them where appropriate. Having local Yateley know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and in the main were content that should trump using an unfamiliar Yateley conveyancing lawyer solely due to them being round the corner.
What can I do to establish who owns a house in Yateley?
On the basis that the premises is registered with the Land Registry, and you have requisite details of the address of the property, you will be able to obtain details from the HMLR of the registered proprietor for a for less than a fiver.