I am one month into the sale of my flat in Addiscombe and the EA has just text me to advise that the purchasers are swapping conveyancer. The reason given is that the bank will only deal with solicitors on their conveyancing panel. Why would a big named lender only work with specific lawyers rather the firm that they want to choose for their conveyancing in Addiscombe ?
Mortgage companies have always had panels of law firms they are willing to work with, but in recent years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Banks blame a rise in fraud as the reason for the pruning – criteria have been narrowed as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.
We are buying a property and the lawyer has identified Chancel Repair for which the property may be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Addiscombe
Unless a previous acquisition of the property completed after 12 October 2013 you can take it that conveyancing practitioners delivering conveyancing in Addiscombe to continue to recommend a chancel search and or insurance against a claim.
I am buying a new build flat in Addiscombe. Conveyancing is a frightening process 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 legal work.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Addiscombe
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I decided to have a survey completed on a property in Addiscombe ahead of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies tend not give a loan on a flying freehold premises.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Addiscombe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Addiscombe to see if the conveyancing will be more expensive.
I'm remortgaging my current property to a buy to let loan with Barclays Direct and intend to use the remaining equity as a down payment on further house. The location we are interested in is Addiscombe. Will your solicitors be able to act for the two lenders and tie in the transactions?
Make use of our search tool on this page to check that the solicitors are approved by both banks. Having checked that they are your lawyer should be able to simultaneously deal with the two deals but you should talk with you conveyancer and communicate your desired outcome and needs.
I am a couple of weeks into a leasehold purchase having been referred to conveyancers by the high street agent to execute conveyancing in Addiscombe. I am am extremely dissatisfied with the quality of service. Could you you assist me in finding new solicitors?
They would need to be really bad in order to consider diss instructing them. Has the mortgage offer been generated? In the event that it has you need to make them aware of the replacement solicitor and have the loan are re-issued. Your solicitor ideally needs to be on the mortgage company panel to avoid escalating charges and complications. That should be your starting point. Our search tool will assist you in finding a lender approved lawyer for your conveyancing in Addiscombe