I had intended to instruct a property lawyer in Bures for our home move. Our financial adviser has since notified us that our mortgage lenders Aldermore won't deal with them. Why is this not regarded as unfair competition?
A decade ago most mortgage companies had an appetite for risk which was higher than today. Almost all Bures conveyancing firms would have been on many mortgage company panels. The Financial Services Authority in 2010 completed a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms regarding their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum amount of conveyancing. Many Bures conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Bures is amongst the numerous areas where the lawyers we recommend are are authorised to act for Aldermore.
We have agreed to purchase a house in Bures. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Aldermore be concerned?
Given that you are obtaining a mortgage with Aldermore your lawyer must comply with the formal requirements outlined in Part two of UK Finance Lenders’ Handbook for Aldermore. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to Aldermore where a lease fails to satisfy these specifications. The specifications relate to the installation of panels on properties nationwide and is not isolated to Bures.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Bures solicitor on the Barclays panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
The formalities of my remortgage has taken place for my property in Bures. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Just had an offer accepted on a new build flat in Bures. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bures
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I was pointed in your direction by numerous property agents in Bures to find a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to recommend your lawyers over a competitor’s?
We don’t make any commission for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My step-father has recommend that I instruct his conveyancing solicitors in Bures. Do I follow his advice?
There are no two ways about it the ideal way to select a conveyancing lawyer is to have referrals from friends or relatives who have actually experience in using the firm you're contemplating using.
I have been looking for Bures competitive conveyancing fees. Can I be assured that all the Bures practices that are listed on your site are on the lender conveyancing panel?
The solicitor and licensed conveyancing practices listed on our site have advised us that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Bures firm being on the mortgage company conveyancing panel is not accurate.