I am five weeks into the sale of my flat in Flackwell Heath and the estate agent has just text me to advise that the buyers are changing their property lawyer. I am told that this is due to the fact that the lender will only engage with property lawyers on their conveyancing panel. On what basis would a leading mortgage company only work with specific law firms rather the firm that they want to choose to handle their conveyancing in Flackwell Heath ?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the last few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.
Lenders point to the increase in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to maintain. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any sway in the decision.
Are there restrictive covenants that are commonly picked up during conveyancing in Flackwell Heath?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Flackwell Heath. 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 Flackwell Heath differ for newly converted properties?
Most buyers of new build residence in Flackwell Heath approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Flackwell Heath usually buy the real estate, 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 Flackwell Heath or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a simple, no chain conveyancing. Flackwell Heath is where the house is located. Can you offer any assistance?
Flying freeholds in Flackwell Heath are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Flackwell Heath you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Flackwell Heath may ascertain 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 premises.
What is different about your site and alternative online quote calculators for conveyancing in Flackwell Heath?
At this site secure an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Flackwell Heath. Unlike many estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the highest per referral, rather than the best value conveyancing in Flackwell Heath
There are plenty of properties in Flackwell Heath on private roads. My husband and I are buying one such property. Are there any benefits to purchasing a house on a private road?
Flackwell Heath conveyancing lawyers are well versed in conveyancing homeson private. The lawyer should review the title to find any rights or responsibilities. It is possible that there is a residents association that owners make annual payments for the upkeep of the road. Where there is one, the road should be maintained and look nicer than council adopted.