My wife and I are planning to acquire a property in High Holborn and have appointed a High Holborn conveyancing practice. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. TSB have this afternoon contacted us to inform me that they have now hit a problem as our High Holborn solicitor is not on their conveyancing panel. Is this a problem?
If you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own High Holborn solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I have given 8 weeks notice to my existing landlord and have to vacate my rented flat in High Holborn by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in six weeks as don't want to have to find temporary accommodation?
Generally one should not serve notice on a rental until you have exchanged. If you have not already done so, update to your solicitor and request that they apply pressure on the sellers solicitors, try to get a realistic time scale from them that all parties will look to achieve
A relative advised me that where I am buying in High Holborn I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is sometimes included in the estimate for your High Holborn conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about High Holborn around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the High Holborn Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, High Holborn Education with plans and statistics, Local Amenities and other useful data concerning High Holborn.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. High Holborn is the location of the property. Can you shed any light on this issue?
Flying freeholds in High Holborn are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in High Holborn you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in High Holborn may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking to sell my home. My former conveyancers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in High Holborn if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in High Holborn. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
New build sellers have put forward a property lawyer and I've sought an estimate from them. They are nearly £300 cheaper than my own High Holborn conveyancing practitioner. Should I use them?
Builders often have panels of conveyancing practitioners who expedite matters and who know the seller’s contract and lawyer. Plenty of developers offer an inducement to use a preferred lawyer for this reason, any increased fees can be avoided and a developer won't suggest a conveyancing warehouse and run the risk of having the conveyancing stall when they demand an exchange in 28 days. A counter-argument for not opting for the recommended conveyancing practitioner is that they may be hesitant to fight for your interests at the risk of upsetting the sellers. Where you have concerns that this may be the case you should stick with your local High Holborn conveyancing practitioner.