I am selling my house in Hatch End and the estate agent has just telephoned to advise that the buyers are switching property lawyer. The reason given is that the mortgage company will only deal with property lawyers on their approved list. Why would a leading mortgage company only work with certain law firms rather the firm that they want to choose for their conveyancing in Hatch End ?
Banks have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.
Mortgage companies attribute this action to a rise in fraud as the reason for the reduction – criteria have been stiffened as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that 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 unlikely to have any impact on this.
When will exchange of contracts take place for purchase conveyancing in Hatch End and am I required to attend the solicitors office?
If you are local to one of the conveyancing solicitors in Hatch End you are welcome to attend to sign contracts. However, the law practices we work with supply countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you by post or email. The signing of the purchase agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hatch End)to be in the office available at the end of the phone to exchange contracts.
Our bank has recommended a law firm on their panel based in Hatch End but I would rather choose a conveyancing lawyer in Hatch End round the corner to me. Can you assist?
The minority of Hatch End conveyancing solicitors are listed all banks conveyancing panel. Do make use of the above search tool to find a Hatch End conveyancing solicitor on the on the mortgage company panel.
The deeds to my house are lost. The lawyers who handled the conveyancing in Hatch End 4 years ago no longer exist. What do I do?
You no longer need to hold title official documentation to establish that you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
What makes your site different to other online quote calculators when it comes to conveyancing in Hatch End?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances for your conveyancing in Hatch End. As opposed to estate agents and brokerage sites we are not in the business of charging firms a fee if you choose them for your conveyancing in Hatch End
I am looking at a couple of flats in Hatch End both have about fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Hatch End. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
My wife and I have hit a brick wall in trying to purchase the freehold in Hatch End. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Hatch End conveyancing firm who can help.
An example of a Lease Extension decision for a Hatch End premises is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case affected 3 flats. The unexpired term as at the valuation date was 71 years.