I can't travel far from Hedge End. I would like to know the logic why all Hedge End property lawyers are not on all bank panels?
Before the recession most lenders exhibited an attitude to risk which differs from the current day. The Financial Services Authority in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the property lawyers on your panel. Consequently, banks have subsequently looked to extract more information from law firms concerning their processes and the staff employed by them and set certain criteria such as completing a minimum volume of transactions. Many law practices have found themselves excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the criteria of amount of transactions the lenders required.
Having sold my house in Hedge End last December yet the purchaser is e-mailing every few hours to moan that their solicitor is waiting to hear from mine. What should have happened following completion?
Following your disposal your conveyancer should deliver the transfer deeds and all additional paperwork to the purchaser's solicitors. Where appropriate, your lawyer should also evidence that the legal charge in favour of the lender has been paid off to the purchasers lawyers. There is unlikely to be post completion tasks unique to conveyancing in Hedge End.
I am aiming to move property in March. Does my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you suggest a removal company in Hedge End. Conveyancing solicitor was found prior to coming across your page.
On the afternoon of completion you can pick up the house keys from the selling agent but this should only happen after the previous owners conveyancers confirm to the agent that they have the completion monies and the keys can be passed over. After that you should advise the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal company but can assist you in finding a conveyancing in Hedge End or a legal practice that specialises in conveyancing in Hedge End.
My wife and I are in the throws of viewing houses in Hedge End and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a home loan with RBS.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are obtaining a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I am due to exchange contracts on my apartment. I had a double glazing fitted in February 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Virgin Money are being problematic. The Hedge End solicitor who is on the Virgin Money conveyancing panel is recommending indemnity insurance as a solution but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Hedge End I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Hedge End for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage that many years will be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I’m about to sell my ground floor flat in Hedge End. Conveyancing has not commenced, however I have just received a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you discharge the invoice as usual as all rents and service invoices will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Hedge End Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to buying
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Are any of leasehold owners in dispute over their service charge liability? What is the length of the lease? Make sure you find out if the the lease includes any onerous restrictions in the lease. By way of example it is fairly common in Hedge End leases that pets are not permitted in in a block in Hedge End. If you love the apartmentin Hedge End however your dog is not allowed to move with you then you have a very difficult decision.
My aim is to acquire a ground floor maisonette in Hedge End. Conveyancing solicitor is waiting for, from the vendor, building insurance paperwork. This morning I was informed that the seller must send the insurance documents for the flat above as well. Why would my solicitor want to check the insurance for the flat above? Is it strictly necessary? We have been in hold for the last fortnight…
It is not unheard of in leasehold conveyancing in Hedge End to discover Conveyancing in Hedge End in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats as opposed to the freeholder insuring the whole block - which is definitely better. You should double check with your conveyancing practitioner but it would appear that your conveyancing practitioner is seeking to verify that the entire building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt for lack of insurance cover.