Am I correct in assuming that the fact that my solicitor in Battle is not identified on my mortgage company's conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
That would more than likely be an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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. Where you are concerned you should simply call the Battle conveyancing firm and ask them why they are no longer on the approved list for your lender.
I am under pressure from the mortgagee in possession of a property in Battle to exchange within four weeks. What can be done to quicken up the buying process?
Where you are under time constraints for your conveyancing it is advisable to make sure that your lawyer is familiar with the area as they will make use of local connections and know-how. It is even conceivable that they may have conducted previoushouses in the same neighbourhood. Therefore consider using a Battle conveyancing firm. In addition, make sure that the lawyer is on the on the approved list for your mortgage company. It is understood that just under twenty per cent of Battle conveyancing transactions are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the home move being held up by almost three weeks. It is claimed that this issue impacts approximately one hundred thousand home sales every year. Most Battle conveyancing practices can not represent certain banks so do check at the outset.
I am purchasing a terraced house in Battle. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Battle you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Battle.
Due to the guidance of my in-laws I had a survey completed on a property in Battle before retaining solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies may refuse to give a loan on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Battle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Battle to see if the conveyancing will be more expensive.
I'm converting the mortgage on my primary house to a BTL mortgage with The Mortgage Works and I will use the rest of the raised equity as a deposit on another property. The area we are interested in is Battle. Will your lawyers be able to act for the two banks and tie in the transactions?
Make use of our comparison tool on this site to ensure that the conveyancers are approved by both mortgage companies. Assuming that they are your conveyancer will be able to tie up the two deals but you should have a chat with you solicitor and make clear your desired outcome and needs.
What are your top tips when it comes to choosing a Battle conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Battle conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Battle conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
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What are the costs for lease extension work? How familiar is the firm with lease extension legislation?
Battle Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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For many Battle leaseholds the cost for major works are not included within service charges, although some managing agents in Battle obliged leasehold owners to contribute towards a sinking fund and this is used to offset against major works. How many years are left on the lease? How is the lease structured?