Am I correct in assuming that the fact that my conveyancer in Henlow is not identified on my lender's conveyancing panel that there is a problem with the quality of her work?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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. Where you are concerned you should simply call the Henlow conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
I have given 2 months notice to my current landlord and must be out of my rented apartment in Henlow by the end of next month. Conveyancing on my purchase is underway. Can I complete in three weeks as don't want to have to find short term accommodation?
Generally one should not provide notice on a rental unless exchange of contracts has taken place. If you have not already done so, notify to your solicitor and ask them to they seek the assistance the owners side, try to an agreed time frame that everyone will aim towards
We are looking to buy a flat and need a conveyancing solicitor in Henlow who is on the Coventry BS solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Henlow.
I am purchasing my first flat in Henlow with a mortgage from Aldermore. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The sale representative told me not to tell my conveyancer about this side-deal as it could put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Hoping to buy a property located in Henlow and I am already nervous. I couldn't find anything specific about Henlow. Conveyancing will be needed in due course but do you know about the Henlow area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Henlow. In the meantime here are some basic statistics that we found
We recently discovered that one of the directors of the law firm handling the purchase conveyancing in Henlow is is the sister of the owners that we are purchasing from. Is this permitted?
As long as there is no conflict of interest this is permitted. Where you are needing mortgage finance then the lender may have a say as many mortgage companies have specific instructions on this. For example for RBS - Direct Line One as of 19/6/2022, the requirements read as follows :