Am I correct in assuming that the fact that my solicitor in Hedon is not on my mortgage company's conveyancing panel that there is a problem with the standard of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Hedon conveyancing practice and enquire why they are no longer on the approved list for your bank.
We are buying a new build apartment in Hedon and my solicitor is advising me that she is duty bound to the mortgage company to disclose incentives from the seller. I am under pressure to exchange and I don't want to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
It is 10 years ago since I purchased my property in Hedon. Conveyancing solicitors have just been appointed on the sale but I am unable to locate the title documents. Is this a problem?
You need not be too concerned. Firstly the deeds may be retained by the lender or they could be in the possession of the solicitor who oversaw your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. Most conveyancing in Hedon relates to registered property but in the rare situation where your home is unregistered it is more of a problem but is resolvable.
How does conveyancing in Hedon differ for new build properties?
Most buyers of new build or newly converted property in Hedon come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Hedon typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hedon or who has acted in the same development.
I opted to have a survey done on a property in Hedon before instructing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks may not give a loan on this type of property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to telephone us we can investigate further with 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 Hedon. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking for a conveyancing solicitor in Hedon for my home move. Can I review a solicitor's record with the legal regulator?
Members of the public may read presented Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator may monitor call for training purposes.