Am I correct in assuming that the fact that my solicitor in Henlow is not identified on my mortgage company's solicitor panel that there is a problem with the standard of her conveyancing?
That is more than likely a wrong assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor 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 Henlow conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Just had an offer accepted on a new build flat in Henlow. Conveyancing is a frightening process 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 conveyancing.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Henlow
-
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants.
Due to the encouragement of my in-laws I had a survey completed on a house in Henlow in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will not grant a mortgage on such a property.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Henlow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Henlow to see if the conveyancing will be more expensive.
Is there anything unique about your site and alternative online quote calculators when it comes to conveyancing in Henlow?
At this site receive a fixed fee quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Henlow. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you choose them for your property ownership legalities in Henlow
I am in need of some leasehold conveyancing in Henlow. Before I get started I require certainty as to the unexpired term of the lease.
If the lease is recorded at the land registry - and most are in Henlow - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Henlow Conveyancing for Leasehold Flats - Sample of Queries before buying
-
Please note that where the lease has less than eighty years it will impact the value of the property. Check with your lender that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease sooner rather than later and you need to have some idea of how much this would cost. For most Henlowlease extensions you will be be obliged to have been the owner of the property for two years before you are eligible to extend the lease. The prefered form of lease structure is where the freehold interest is owned by the leaseholders. In this situation the lessees enjoy control and although a managing agent is frequently retained if it is larger than a house conversion, the managing agent employed by the leaseholders. What is the name of the managing agents?
I am purchasing a maisonette with all finances in place. I have provided solicitor with 2 separate forms of photographic ID, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer acknowledging that the funds are legitimate and that it has come from inheritance and not via illegitimate means.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Henlow conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.