My IFA has requested my Buckhurst Hill solicitor’s panel member for the Lloyds conveyancing panel. How do I find this out. I have contacted my local Buckhurst Hill office but they don't know it.
You are best placed to get this information from your Buckhurst Hill solicitor . They keep a central record lender panel numbers.
I am the registered owner of a freehold property in Buckhurst Hill but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Buckhurst Hill and has limited impact for conveyancing in Buckhurst Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Please explain the implications if my solicitor is suspended from the Nationwide Conveyancing panel ahead of completing my conveyancing in Buckhurst Hill?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
is it true that all Buckhurst Hill conveyancing solicitors on the Nationwide conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
I have decided to exercise my right to buy my property in Buckhurst Hill off the council. I have a mortgage agreed with Clydesdale. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
RBS have agreed my mortgage in principle, my bid on a flat in Buckhurst Hill has been agreed to, now what?
The property agent will want to be advised as to your conveyancer's details (be sure the solicitors are on the bank’s panel). Telephone RBS or your broker and finalise any appropriate paperwork. RBS will sellect a valuer who will get in touch with the estate agent or seller to book a time for the valuation to occur. Once carried out (assuming no problems) it takes on average a week to receive the mortgage offer. RBS will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Buckhurst Hill.
Due to the input of my in-laws I had a survey completed on a house in Buckhurst Hill before retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may not grant a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Buckhurst Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it the case that all Buckhurst Hill solicitors on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your local lender branch in Buckhurst Hill. the probability is that they will be in a position to suggest some approved conveyancing solicitors in Buckhurst Hill