Am I correct in assuming that the fact that my solicitor in Baldock is not on my lender's solicitor panel that there is a problem with the quality of his work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 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) lack of transactions (2) the solicitor 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 Baldock conveyancing practice and enquire why they are no longer on the approved list for your bank.
I have just over seventy years remaining on my lease and require a lease extension for my apartment in Baldock. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 28/11/2023 the requirements read as follows :
Are there restrictive covenants that are commonly identified during conveyancing in Baldock?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Baldock. 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…’
Due to the guidance of my in-laws I had a survey completed on a house in Baldock in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some banks may refuse to give a loan on this type of property.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Baldock. Conveyancing will be smoother if you use a solicitor in Baldock especially if they are accustomed to such properties in Baldock.
As co-executor for the estate of my uncle I am selling a house in Neath but I am based in Baldock. My solicitor (approximately 235 miles awayrequires that I execute a statutory declaration prior to completion. Can you recommend a conveyancing practitioner in Baldock who can attest and place their company stamp on the document?
Technically speaking you should not be required 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 Baldock
I would be grateful if you would clarify what my options are where my Baldock conveyancing searches reveals detrimental results?
Ordinarily, almost all adverse entries disclosed in Baldock conveyancing search results can be handled before completion or indemnity insurance could possibly be put in place. You need to remember that regardless of the fact that you are purchasing the premises and may be content to live with the search results, your mortgage lender may not, and ultimately the decision rests with them.