Much to our surprise we have been advised by our mortgage adviser that my Dunvant solicitor is not on the lender Conveyancing panel. How can I be certain if this is indeed the case?
Your first step should be to contact your Dunvant conveyancer. It is reasonable to expect your lawyer to notify you of the situation. If they are not on the panel they may recommend you to a Dunvant conveyancing firm that is on the approved list of lawyers for your lender.
I have given 2 months notice to my current landlord and must be out of my let out apartment in Dunvant by the end of next month. Conveyancing for my house purchase is underway. Can I complete in a couple of weeks as don't want to have to find short term accommodation?
Generally one should not serve notice for your letting until exchange of contracts has taken place. If you have not already done so, contact to your lawyer and urge them to they apply pressure on the other lawyers, try to get a realistic time scale from them that everyone will look to achieve
I had intended to instruct a conveyancing solicitor in Dunvant for our house move. Our financial adviser informed us that our mortgage lenders HSBC Bank won't deal with them. Surely this is unduly restrictive?
Lenders in the main imposes restrictions either the type or the amount of conveyancing practices on their panel. A common example of such criteria being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, some have limited the amount of solicitor practices they permit to act for them. You should note that HSBC Bank have no responsibility for the quality of advice provided by any member of HSBC Bank Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels since 2008 even though there remains differing views about the extent of solicitor involvement in some of that fraud. Data from the Land Registry indicate that thousands of law firms, including some in or near Dunvant only carry out a couple conveyances a year.
Are there restrictive covenants that are commonly identified during conveyancing in Dunvant?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Dunvant. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Dunvant differ for newly converted properties?
Most buyers of new build premises in Dunvant come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Dunvant typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Dunvant or who has acted in the same development.
What does commercial conveyancing in Dunvant cover?
Commercial conveyancing in Dunvant covers a wide array of guidance, provided by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.