I can't travel far from Basildon. Is there a reason why all Basildon conveyancers are not on all lender panels?
Mortgage Companies ordinarily restrict either the nature or volume of conveyancing practices on their approved list of lawyers. Frequent examples of such criteria being that the organisation needs to have at least two partners. As well as restricting the nature of firm, some banks for instance HSBC decided to reduce the size of their panel they allow to represent them. It is worth noting that mortgage companies have no responsibility for the accuracy of conveyancing given by any Basildon lawyer on their approved list. Property fraud was a key driver in the rationalisation of conveyancing panels a few years ago notwithstanding that there are contrary thoughts about whether solicitors sat at the center of that fraud. Data via HM Land Registry exposes that thousands of conveyancing practices only conduct one or two conveyances annually. Those supporting conveyancing panel culls question why conveyancing firms deserve any entitlement to be listed on a lender panel when it is evident that property law is not their primary expertise?
Would the conveyancing solicitors listed on your site handle conveyancing in Basildon by way of an attended exchange?
There are a few conveyancing experts who can conduct attended exchanges. You should contact us to secure a fee calculation and details as to availability.
After weeks of negotiation I have agreed a price on a house in Basildon. My financial adviser recommended their conveyancers. I paid an advanced payment of £175. A few days later, the property lawyer contacted me to say that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am selling my apartment. I had a double glazing fitted in December 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Barclays are being a right pain. The Basildon solicitor who is on the Barclays conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Barclays are insisting on a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Co-operative have agreed my mortgage in principle, my offer on a flat in Basildon has been accepted, what happens next?
The property agent will want to be advised as to your conveyancer's details (make sure the property lawyers are on the lender’s panel). Telephone Co-operative or the broker and finalise any appropriate forms. Co-operative will instruct a valuer who will get in contact with the estate agent or owners to book an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Co-operative will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Basildon.
I am buying a new build apartment in Basildon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Basildon
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
My husband and I are 14 days into a freehold purchase having been directed to conveyancers by the high street agent to do our conveyancing in Basildon. We are not happy. Can you help me find new conveyancers?
They would need to be very bad to suggest replacing them. Has your loan offer been generated? In the event that it has you need to advise them of the new contact details and ensure the offer are re-issued. The solicitor ideally should be on the lenders panel to avoid escalating costs and delays. So that should be your starting point. Our search tool can help you find a lender approved lawyer for your conveyancing in Basildon
Are the Basildon conveyancing lawyers identified as being on the lender conveyancing panel, together with their details provided by the bank?
Basildon firms and firms conducting conveyancing in Basildon themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the mortgage company directly.