I can't travel far from Limehouse. I would like to know the logic why all Limehouse property lawyers aren't included on all mortgage company panels?
Before the recession most mortgage companies exhibited an approach to risk which differs from the current day. The FSA in 2010 conducted a thematic review into fraud which concluded: know the conveyancers on your panel. Accordingly, lenders have since requiredmore data from law firms concerning their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of law practices have found themselves removed from lender panels even though they had an exemplary disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the criteria of amount of transactions the mortgage companies set.
We are planning to acquire a house and require a conveyancing solicitor in Limehouse who is on the Clydesdale solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Limehouse.
What will a local search reveal about the property we're buying in Limehouse?
Limehouse conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search is essential in every Limehouse conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
Me and my brother purchased a renovated Georgian house in Limehouse. Conveyancing practitioner acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Limehouse and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing solicitor who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Limehouse is the location of the property. What do you suggest?
Flying freeholds in Limehouse are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Limehouse you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Limehouse may ascertain 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.
Me and my wife are FTB’s just having agreed a price on a property in Limehouse, and need to get solicitors instructed. We have made use of the numerous comparison based websites and the results are from all across the England and Wales. Is it critical to have a Limehouse property lawyer local to our prospective house? We are fine to do all the communicating electronically, but I assume at some point we may need to visit the conveyancer's office to sign papers?
There is no requirement to attend the office of your solicitor, they can post any relevant documents to you, which you can sign and return. Many buyers and sellers prefer to use a locally based solicitor, but it's by no means essential for conveyancing in Limehouse.