Is the fact that my solicitor in Langley is not listed on my mortgage company's solicitor panel that there is a problem with the quality of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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. Where you are concerned you should contact the Langley conveyancing firm and enquire why they are no longer on the approved list for your bank.
Should my solicitor be making enquiries regarding flooding as part of the conveyancing in Langley.
Flooding is a growing risk for lawyers dealing with homes in Langley. Plenty of people will buy a property in Langley, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, however there are a number of checks that can be undertaken by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Langley. The standard property information forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to discover whether the premises has historically flooded. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser may issue a legal claim for losses stemming from an misleading reply. A buyer’s lawyers may also commission an environmental report. This will indicate whether there is any known flood risk. If so, more detailed inquiries will need to be initiated.
I am buying a new build apartment in Langley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Langley
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants.
I am looking for a flat up to £305k and identified one close by in Langley I like with amenity areas and station in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Langley in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan that many years will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am 14 days into a freehold purchase having been directed to solicitors by the local agent to handle our conveyancing in Langley. I am am very frustrated with the quality of service. Could you you assist me in finding new solicitors?
A solicitor would have to be really bad in order to consider replacing them. Has the mortgage been sent? In the event that it has you must advise them of the new contact details and ensure the offer are issued to the new lawyers. Your new conveyancer should be on the lenders approved list to avoid supplemental fees and complications. So that should be your starting point. The search tool can help you find a lender approved solicitor for your conveyancing in Langley
I have been searching for Langley competitive conveyancing fees. Can I be assured that all the Langley practices that are identified on your website are on the lender conveyancing panel?
The law firms listed on our site have assured us via an online form that they are on the lender panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Langley firm being on the lender conveyancing panel is incorrect.