I am not in a position to travel far from Hadley Wood. What is the rationale as to why all Hadley Wood property lawyers are not on all bank panels?
Banks ordinarily impose restrictions on either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a organisation is required to have at least two partners. As well as restricting the nature of firm, some have made a decision to reduce the size of their panel they allow to act for them. You should note that mortgage companies have no accountability for the standard of conveyancing given by any Hadley Wood solicitor on their approved list. Mortgage fraud was the key driver in the reduction of solicitor panels in the last decade even though there are conflicting opinions about whether solicitors sat at the center of that fraud. Statistics published by HMLR exposes that thousands of law firms only carry out a couple of conveyances annually. Those advocating conveyancing panel consolidation question why conveyancing firms should have any entitlement to be listed on a bank panel when it is apparent that conveyancing is not their speciality?
We are purchasing our first home. Our lawyer has e-mailedto ask if we would like to purchase supplemental conveyancing searches. We are really unsure what's necessary for conveyancing in Hadley Wood
The type of Hadley Wood conveyancing searches should be triggered based primarily on the property, the location, the probability of any of these risks, your familiarity of the locality and risks, your general appetite to risk. What matters is that you properly comprehend what information the searches could give you. You may then make a decision if you consider that you need that search. Should you be in doubt, ask the lawyer to explain.
I am the registered owner of a freehold premises in Hadley Wood but still charged rent, why is this and what is this?
It is rare for properties in Hadley Wood and has limited impact for conveyancing in Hadley Wood but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I used Stirling Law several years past for my conveyancing in Hadley Wood. Now, I need my documents however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hadley Wood of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the advice of my in-laws I had a survey completed on a property in Hadley Wood in advance of appointing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some lenders will refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hadley Wood. Conveyancing will be smoother if you use a solicitor in Hadley Wood especially if they are accustomed to such properties in Hadley Wood.
I'm converting the mortgage on my current property to a BTL mortgage with Bank of Ireland and I will use the ballance of the raised equity as a down payment on another house. The neighborhood we are interested in is Hadley Wood. Will your solicitors be able to act for the two mortgage companies and link together the transactions?
Do use our comparison tool on this page to ensure that the conveyancers are approved by both mortgage companies. Having checked that they are your conveyancer will be able to tie up the two conveyancing matters but you should talk with you solicitor and communicate your desired outcome and requirements.