Please explain the implications if my lawyer’s firm is expelled from the Santander Conveyancing panel ahead of completing my conveyancing in Epping?
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 at a cost.
My bid for a property was accepted at auction in Epping. Conveyancing is necessary. What is next?
Having exchanged you should choose a conveyancing practitioner quickly as you will have a fast approaching a drop dead date to complete the property. All auction property should have an associated legal set of papers. This will likely include most,if not all of the paperwork that your conveyancer will need. Where you are dealing with leasehold premises the conveyancing pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must pass this on to the conveyancer instructed by you at the earliest opportunity. Do make sure that you have funds in order to complete on the date specified in the contract.
I recently had an offer accepted on a house in Epping. My mortgage broker suggested a solicitor. I paid an upfront payment of £175. Shortly after, the conveyancing practitioner called me sheepishly admitting that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Nottingham have agreed my home loan in principle, my bid on a flat in Epping has been accepted, now what?
Your estate agent will need to know who your solicitors are (be sure the lawyers are on the bank’s panel). Telephone Nottingham or your financial adviser and complete any outstanding paperwork. Nottingham will instruct a valuer who will get in touch with the estate agent or vendor to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes approximately a week to receive the mortgage offer. Nottingham will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Epping.
About to purchase a new build apartment in Epping. Conveyancing is necessary evil 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.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Epping
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I opted to have a survey carried out on a property in Epping in advance of appointing lawyers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some lenders will not grant a mortgage on such a home.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Epping. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use the search tool to select a conveyancing practitioner in Epping on the authorised to act for my bank?
Step one is to pick a lender such as Santander, Skipton Building Society or Barclays Direct then choose your location e.g. Epping. Conveyancing practices in Epping and further afield should be identified.
I need to instruct a conveyancing solicitor for my conveyancing in Epping. I have stumble across a web site which looks to be the perfect answer If it is possible to get all this stuff completed via web that would be ideal. Do I need to be concerned? 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?