I am progressing with the sale of my maisonette in Great Linford and the estate agent has just telephoned to warn that the buyers are switching law firm. The reason given is that the lender will only work with solicitors on their approved list. Why would a leading lender only work with certain law firms rather the firm that they want to appoint to handle their conveyancing in Great Linford ?
Banks have always had panels of law firms they are content to work with, but in recent years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Mortgage companies 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 purchasers are not going to have any sway in the decision.
IfI were to buy a freehold propertyin Great Linford for cash and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Great Linford?
The only reduction in fees you would achieve is the costs for searches. Your conveyancing practitioner still got to do everything else - money laundering, correspond with the vendors conveyancer, stamp duty return, register the title etc. A marginal saving might be made by not needing to register a charge but it will not be a lot.
We are downsizing from our home in Great Linford and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. Any high street Great Linford conveyancer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing outfit as opposed to a conveyancing solicitor in Great Linford. We have lived in Great Linford for six years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Have purchased a a terraced house in Great Linford , how long will it take for the Land Registry to record my ownership? My Great Linford conveyancing solicitor works at snail pace, so I want to check that my name is recorded.
There is nothing unique about conveyancing in Great Linford registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and if the Land registry have to notify any 3rd persons or bodies. As of today in the region of 80% of such applications are fully dealt with in less than three weeks but occasionally there can be longer hold-ups. Registration is effected once the purchaser has moved in to the premises therefore an expedited registration is not usually an essential issue yet if it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for the application to be prioritised.
About to purchase a new build apartment in Great Linford. Conveyancing is daunting 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 conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Great Linford
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
In searching the internet for the words conveyancing in Great Linford it shows results of numerous solicitorsin the area. With so much choice what is the best way to find the right property lawyer for my move?
The best method of seeking the right conveyancer is through a personal recommendation, so enquire of colleagues and relatives who have bought a property in Great Linford or the respected estate agent or mortgage broker. Fees for conveyancing in Great Linford vary, so it's sensible to secure at least three estimates from different property lawyers. Be sure to obtain confirmation what costs in the quote includes.