I am 4 weeks into the sale of my apartment in Hedge End and the EA has just e-mailed to advise that the purchasers are swapping law firm. The reason given is that the bank will only work with property lawyers on their approved list. On what basis would a leading lender only deal with specific law firms rather the firm that they want to appoint to handle their conveyancing in Hedge End ?
Mortgage companies have always had panels of law firms they are willing to work with, but in the past few years big names such as Yorkshire Building Society, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Mortgage companies blame a rise in fraud as the reason for the cull – criteria have been narrowed 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 claims that it is hearing daily from firms that have been removed from panels. Some 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. Your buyers are unlikely to have any impact on this.
How can we know in advance if a Hedge End conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Hedge End seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer conducting your transaction.
I have decided to exercise my right to buy my property in Hedge End off the council. I have a mortgage offer with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
I was told four weeks ago that my mortgage has been agreed to by Skipton. Is it usual for Skipton to only issue the offer once my solicitor in Hedge End is approved on their conveyancing panel? Skipton have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
I have recentlybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Hedge End for a purchase of a leasehold flat 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hedge End conveyancing specialists.
About to purchase a new build apartment in Hedge End. 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 legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Hedge End
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
Due to the guidance of my in-laws I had a survey completed on a house in Hedge End prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks will not issue a mortgage on such a house.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hedge End. Conveyancing will be smoother if you use a solicitor in Hedge End especially if they are acquainted with such properties in Hedge End.
How do I use your search app to locate a conveyancing practitioner in Hedge End on the approved list for my bank?
First select a bank such as Santander, Chelsea Building Society or Platform Home Loans Ltd then choose your location e.g. Hedge End. Conveyancing firms in Hedge End and nationally will then be listed.