Unfortunately I am unable to travel far from Slade Green. Can you please spell out why all Slade Green conveyancers are not on all bank panels?
Pre- 2008 most mortgage companies demonstrated an attitude to risk which differs from the current day. The financial regulator in 2010 carried out a thematic review into mortgage fraud which concluded: know the property lawyers on your panel. As a result, mortgage companies have since looked to extract more information from law firms regarding their operations and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of law practices have been removed from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the minimum volume of transactions the mortgage companies set.
The Slade Green conveyancing firm handling our Slade Green conveyancing has discovered an inconsistency when comparing the assumptions in the valuation survey and what is revealed within the title deeds. My lawyer informs me that he must ensure that the bank is OK with this discrepancy and is content to go ahead. Is my solicitor’s approach appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Do I have to visit the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Slade Green so that I can attend their offices if necessary.
As opposed to twenty years ago, the vast majority mortgage companies no longer need their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still manifest benefits to using a local solicitor, in your situation a conveyancing solicitor in Slade Green.
Will our solicitor be raising enquiries concerning flooding during the conveyancing in Slade Green.
The risk of flooding is if increasing concern for solicitors dealing with homes in Slade Green. There are those who buy a property in Slade Green, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a number of checks that can be carried out by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Slade Green. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to discover whether the premises has suffered from flooding. If flooding has previously occurred which is not notified by the vendor, then a buyer could bring a claim for damages as a result of such an incorrect answer. A buyer’s conveyancers will also commission an enviro search. This should indicate whether there is any known flood risk. If so, additional inquiries should be conducted.
The deeds to my home are lost. The solicitors who handled the conveyancing in Slade Green 10 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical official documentation to evidence that you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
I am looking into buying my first house which is in Slade Green and I am already nervous. I couldn't find anything specific about Slade Green. Conveyancing will be needed in due course but do you know about the Slade Green area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Slade Green. In the meantime here are some basic statistics that we found