I am selling my house in Blackfriars and the EA has just e-mailed to say that the buyers are swapping solicitor. I am told that this is due to the fact that the mortgage company will only engage with solicitors on their approved list. Why would a major mortgage company only work with certain lawyers rather the firm that they want to select to handle their conveyancing in Blackfriars ?
UK lenders have always had panels of law firms they are willing to work with, but in the last few years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Banks blame a rise in fraud as the reason for the cull – criteria have been stiffened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Some 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. Your buyers are not going to have any impact on this.
The deeds to my property are lost. The solicitors who did the conveyancing in Blackfriars 5 years ago have long since closed. What are my next steps?
These day there are copies made of almost everything, and your conveyancer should know precisely where to find all the relevant paperwork so you may purchase or dispose of your property without a hitch. If copies are not available, your solicitor can arrange cover in the form of insurance or indemnities against future claims on your property.
I am buying a new build apartment in Blackfriars. Conveyancing is daunting 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 are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Blackfriars
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Please supply a car parking plan. 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. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey done on a house in Blackfriars in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some banks will not give a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Blackfriars. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my aunt I am disposing of a residence in Cardiff but I am based in Blackfriars. My conveyancer (who is 260 kilometers from mehas requested that I execute a statutory declaration prior to completion. Can you recommend a conveyancing lawyer in Blackfriars to witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Blackfriars based
Do I need to pop into the offices of the bank conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Blackfriars as it will be easier to attend their offices if required.
Most conveyancing panel lawyers for the lender undertake all of the work via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Blackfriars. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.