Am I correct in assuming that the fact that my solicitor in Adderbury is not listed on my lender's solicitor panel that there is a problem with the standard of his work?
That would most likely be a wrong assumption to make. There are all sorts of perfectly plausible 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 top 5 reasons are as follows: (1) low volume 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. If you are concerned you should contact the Adderbury conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
Our solicitor has identified a defect with the lease for the apartment we are buying in Adderbury. The other side have put forward title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must be satisfied that the lender is willing to move forward with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. These conveyancing instructions must be adhered to.
is it true that all Adderbury solicitor firms on the Santander conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Santander conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.
Last month we had a mortgage agreed in principle with Aldermore. Adderbury conveyancing solicitors were instructed. How long does it take for Aldermore to send the offer to the lawyer?
There is no definitive answer here. Have Aldermore done the valuation? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
TSB have agreed my mortgage in principle, my offer on a apartment in Adderbury has been accepted, what are the next steps?
Your property agent will wish to be advised as to your property lawyer's details (be sure the conveyancers are on the lender’s approved list). Telephone TSB or the financial adviser and complete any outstanding documentation. TSB will instruct a valuer who will get in contact with the selling agent or owners to book a time for the valuation to happen. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. TSB will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Adderbury.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Adderbury?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Adderbury. 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…’
In my capacity as executor for the estate of my father I am disposing of a house in Cardiff but reside in Adderbury. My solicitor (who is 260 kilometers awayrequires that I execute a stat dec before the transaction finalising. Could you suggest a conveyancing practitioner in Adderbury who can attest this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Adderbury
How do I find the right lawyer for my conveyancing in Adderbury ?
First ask your friends and family who they would recommend. Option 2 is to search the web for conveyancing in Adderbury. Phone a couple or more firms from the list and request that they send you their conveyancing estimate and speak to the lawyer who will handle your conveyancing before you make your decision. Third is to use this site to assist you in finding the right lawyers taking into account your unique requirements including location,speed, complexity and who the proposed lender is.Do not be fooled by lowest cost conveyancing solicitors in Adderbury