I am not well enough to travel far from Gerrards Cross. Please spell out why all Gerrards Cross lawyers are not on all mortgage company panels?
A decade ago most mortgage companies had an attitude to risk which is different from today. The Financial Services Authority in 2010 carried out a thematic review into mortgage fraud which concluded: know the conveyancing practitioners on your panel. Consequently, mortgage companies have since soughtmore data from law firms regarding their operations and the staff employed by them and set certain criteria such as completing a minimum amount of transactions. Thousands of firms have been excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the criteria of amount of transactions the lenders insisted on.
A relative suggested that where I am buying in Gerrards Cross I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Gerrards Cross conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Gerrards Cross around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Gerrards Cross Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Gerrards Cross Education with maps and statistics, Local Amenities and other useful data concerning Gerrards Cross.
Me and my brother own a semi-detached Georgian house in Gerrards Cross. Conveyancing practitioner represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Gerrards Cross and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who conducted the purchase.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Gerrards Cross I like with a park and transport links in the vicinity, the downside is that it's only got 52 years on the lease. I can't really find anything else in Gerrards Cross in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Are there any apps to help identify a Gerrards Cross law firm on the Clydesdale conveyancing panel? I drive a motor bike and am happy to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the facility on this page. Please pick a mortgage company and your location and you will see a number of Gerrards Cross conveyancing lawyers based on proximity. We have detailed some Gerrards Cross conveyancing firms towards the end of this page and you can ring them to see if they are on the Clydesdale member panel
My husband and I are new to the buying process - had an offer accepted, yet the property agent informed us that the seller will only proceed if we use their chosen lawyers as they want a ‘quick sale’. My instinct tells me that we should use a family solicitor with experience of conveyancing in Gerrards Cross
We suspect that the owner is not behind this demand. If they want ‘a quick sale', taking such a hostile approach to a genuine buyer is likely to cause more damage than good. Contact the vendors directly and make the point that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you are going to appoint your preferred Gerrards Cross conveyancing firm - not the ones that will give the estate agent a commission or hit his conveyancing targets demanded by corporate headquarters.