Me and my fiance are purchasing a 2 bedroom flat in Colyers with a mortgage. We would like to retain our Colyers lawyer, however the bank says she’s not on their "panel". We have to appoint one of the lender panel solicitors or continue with our Colyers lawyer and pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Colyers conveyancing lawyer to apply to be on the conveyancing panel.
We are buying a brand new apartment in Colyers and my conveyancer is telling me that she is duty bound to the mortgage company to disclose incentives from the seller. I am under pressure to exchange and I don't want to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My relative recommended that if I am purchasing in Colyers I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Colyers conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Colyers around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Colyers Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Colyers Education with maps and statistics, Local Amenities and other useful data concerning Colyers.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Colyers is the location of the property. Can you offer any assistance?
Flying freeholds in Colyers are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Colyers you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Colyers 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 residence.
How can the Landlord & Tenant Act 1954 impact my business premises in Colyers and how can your lawyers assist?
The 1954 Act gives protection to commercial leaseholders, granting the right to apply to court for a new lease and remain in occupation when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Colyers is one of our numerous locations in which our lawyers are located
I need to find a conveyancing solicitor for freehold conveyancing in Colyers. I happened to chance upon a site which seems to have the perfect answer If it is possible to get all formalities completed via email that would be ideal. 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?