I am nearing exchange of contracts for my flat in Burnt Oak and the EA has just e-mailed to advise that the purchasers are changing their conveyancer. The excuse is that the mortgage company will only engage with solicitors on their conveyancing panel. Why would a major mortgage company only work with specific law firms rather the firm that they want to choose to handle their conveyancing in Burnt Oak ?
Banks have always had an approved set of law firms that can represent them, but in the last few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 25 years.
Banks attribute this action to a rise in fraud as the reason for the cull – criteria have been stiffened as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any sway in the decision.
Are you able to recommend a HSBC Bank allowed Burnt Oak conveyancing solicitor that can complete within a short deadline? Would it be better to use a local Burnt Oak firm or a nationwide comparison site?
We can recommend some very good Burnt Oak conveyancing firms. You can also walk up the high street in Burnt Oak. Visit a couple of firms and request to see a conveyancing solicitor for a fee estimate. Explain your expectations together with your reasons and ask for a commitment on your deadline. Choose the one that genuine.
Can I use your services to recommend a Conveyancing solicitor in Burnt Oak even if I’m not purchasing or selling a house, for example if I want to buy a shop in Burnt Oak with a mortgage from Nottingham Building Society?
Our comparison service is mainly used to select domestic conveyancing solicitors in Burnt Oak but we have listed at the end of this page a few Burnt Oak commercial conveyancing firms. You will need to make contact with the firm directly to check if they can also act for Nottingham Building Society
Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who did the conveyancing in Burnt Oak 4 years ago no longer exist. What are my next steps?
As long as the title is registered the information relating to your ownership will be held by HMLR under a Title Number. It is possible to execute a search at the Land Registry, find your property and get up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be ordered for twenty pounds.
Just had an offer accepted on a new build apartment in Burnt Oak. Conveyancing is necessary evil 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 conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Burnt Oak
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Forfeiture - bankruptcy or liquidation must not apply under this provision. 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 supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Burnt Oak is where the house is located. Can you offer any advice?
Flying freeholds in Burnt Oak are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burnt Oak you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnt Oak may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.