Is the fact that my solicitor in Gidea Park is not listed on my lender's conveyancing panel that there is a problem with the quality of the firm’s work?
That would most likely be a wrong assumption to make. 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) low volume 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 Gidea Park conveyancing firm and ask them why they are no longer on the approved list for your lender.
My stepmother pointed out to me me that in purchasing a property in Gidea Park there may be various restrictions as to what one can do in terms of external changes to a property. Is this right?
There are a number of properties in Gidea Park which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Gidea Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am currently in the process of buying my council flat in Gidea Park. I have a mortgage agreed with Nationwide. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
Our sealed bid on a detached house in Gidea Park has been accepted, the owners do nevertheless have a dependent purchase. The vendors have offered on on an apartment, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have chosen a high street conveyancing solicitor in Gidea Park. What do I do now? When do I get the mortgage application with RBS started?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of £1k, then valuation, Gidea Park conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the RBS approved list. Concerning the subsequent stages this very much depends on the uniqueness of your case, motivation for the property and on the state of the market. In a buoyant market some purchasers would apply for the mortgage with RBS and pay for the valuation and only if it comes back ok would they ask their solicitor to proceed with the conveyancing in Gidea Park.
I have been told that property searches are a common reason for hinderance in Gidea Park conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Gidea Park.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Gidea Park is where the house is located. Is there any advice you can impart?
Flying freeholds in Gidea Park are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Gidea Park 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 Gidea Park 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.
How do I locate a Gidea Park law firm on the Halifax conveyancing panel? I am a keen cyclist and am happy to travel upto 20miles to meet the conveyancer.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Gidea Park conveyancing lawyers located nearest you. We have listed some Gidea Park conveyancing firms towards the end of this page and you can ring them to verify if they are on the Halifax panel
I am a fortnight into a residential purchase having been referred to conveyancers by the high street agent to carry out the conveyancing in Gidea Park. I am am extremely frustrated with the level of service. Can you help me find new solicitors?
A conveyancer would have to be very poor to suggest replacing them. Has your loan offer been issued? If so you must inform them of the new conveyancer and ensure the offer are re-sent. The solicitor ideally should be on the lenders approved list to avoid escalating costs and delays. That should be your first question of the new lawyers. Our search tool will help you find a lender approved solicitor for your conveyancing in Gidea Park