Am I correct in assuming that the fact that my solicitor in Fairbourne is not on my mortgage company's conveyancing panel that there is a problem with the standard of his work?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Fairbourne conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
About to place an offer on a leasehold apartment in Fairbourne. The property agents tell me that it is standard for flats in Fairbourne to have less than 75 years left on the lease. I am getting a loan with Accord Mortgages. Is this going to be a problem if the lease has 69 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/1/2022 the requirements read as follows :
Do I need to take out insurance to cover chancel repairs when purchasing a property in Fairbourne?
Unless a previous purchase of the house completed post 12 October 2013 you can expect conveyancing practitioners conducting conveyancing in Fairbourne to remain recommending a chancel search and or chancel repair liability insurance.
Me and my brother own a renovated Victorian house in Fairbourne. Conveyancing lawyer acted for me and Britannia. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fairbourne and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
I'm converting the mortgage on my existing house to a buy to let loan with Barclays and intend to use the remaining equity as a down payment on another house. The area we are looking at is Fairbourne. Will your lawyers be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our comparison tool on this page to be sure that the solicitors are approved by both lenders. Assuming that they are your lawyer should be able to tie up the two conveyancing matters but you should have a chat with you conveyancer and make clear your desired outcome and needs.
My cousin has suggested that I use his lawyers for conveyancing in Fairbourne. Should I use them?
Much as we are happy to recommend a Fairbourne conveyancing lawyer it’s preferable to find a conveyancing lawyer is to have referrals from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.