What happens if my lawyer’s firm is expelled from the Virgin Money Solicitor panel ahead of completing my conveyancing in Burton Latimer?
The first thing to point out is that, 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.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Burton Latimer?
There are two types of lawyers who can do conveyancing in Burton Latimer namely licenced conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the sale or acquisition of property. They are both required to conduct Burton Latimer conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally carried out and that the necessary procedures should be correctly adhered to.
I am expecting a AIP from Nottingham this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nottingham recommend any Burton Latimer solicitors on the Nottingham conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Burton Latimer solicitors independently although you'll need to choose one on the Nottingham conveyancing panel. The solicitor represents both you and Nottingham through the process.
I'm at the point of viewing houses in Burton Latimer and I am now considering a potential offer. Should I already have a property lawyer appointed at this stage? I will be getting a mortgage with Clydesdale.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are getting a mortgage with Clydesdale, make sure you remember to check that your lawyer is on the Clydesdale conveyancing panel.
A colleague suggested that if I am purchasing in Burton Latimer I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Burton Latimer conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Burton Latimer around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Burton Latimer Education with plans and statistics, Local Amenities and other useful information about Burton Latimer.
I am buying a new build flat in Burton Latimer. 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 selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Burton Latimer
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I need to appoint a conveyancing solicitor for purchase conveyancing in Burton Latimer. I've discover a site which looks to be the ideal solution If there is a chance to get all the legals done via web that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My nephew is embarking on her first house purchase, he had his mortgage in principle. One the seller agreed the offer on the flat we telephoned the mortgage company to progress the mortgage application. I was very surprised to hear that banks do not accept all conveyancer, they need to be on their approved list, is this legal?
Mortgage Companies normally restrict either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Burton Latimer conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.