Am I correct in assuming that the fact that my conveyancer in Rickmansworth is not on my lender's conveyancing panel that there is a problem with the standard of his conveyancing?
It would not be wise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Rickmansworth conveyancing firm and enquire why they are no longer on the approved list for your bank.
I have given 2 months notice to my current landlord and must vacate my let out property in Rickmansworth by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in 4 weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to serve notice on a rental until your lawyer suggests that you should. Assuming that you have not previously done so, contact to your solicitor and request that they cajole the sellers solicitors, try to get a realistic time scale from them that all parties will aim to achieve
I have been told that property searches are the primary reason for hinderance in Rickmansworth conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Rickmansworth.
Are there restrictive covenants that are commonly identified as part of conveyancing in Rickmansworth?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Rickmansworth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Rickmansworth with a loan from Norwich and Peterborough Building Society. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not inform my lawyer about this side-deal as it will affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I note that you have a post code search directory identifying solicitors on the lender conveyancing panel. Do Rickmansworth conveyancing firms pay you a commission if I instruct them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the mortgage company conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Rickmansworth.