Is the fact that my solicitor in Long Eaton is not on my lender's conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a 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. Should you be concerned you should contact the Long Eaton conveyancing firm and ask them why they are no longer on the approved list for your bank.
My husband and I are getting closer to an exchange on a flat in Long Eaton and my mum and dad have transferred the ten percent deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The solicitor is duty bound to check with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
My mortgage company has suggested solicitors on their panel based in Long Eaton but I would rather choose a conveyancing lawyer in Long Eaton or nearer to where I live. Can you help?
Not all Long Eaton conveyancing firms are listed all banks conveyancing panel. Do make use of our find an approved solicitor tool to locate a Long Eaton conveyancing conveyancer on the on the mortgage company panel.
Just acquired a semi-detached house in Long Eaton , What is the estimated time for the Land Registry to record the transfer to my name? My Long Eaton conveyancing solicitor has been very slow, so I want to check that my name is recorded.
There is nothing unique when it comes to conveyancing in Long Eaton registration formalities. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether there are errors and if the Land registry need to notify any third persons or bodies. As of today in the region of three quarters of such applications are fully dealt with within two weeks but occasionally there can be protracted delays. Historically registration is effected after the purchaser is living at the premises thus 'speed' is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer can contact the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build flat in Long Eaton. 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.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Long Eaton
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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. Please supply a car parking plan.
Should I stop my mortgage payments with HSBC as soon as a completion date for my sale in Long Eaton has been set?
You would be well advised to maintain paying any mortgage payments to HSBC until the mortgage is redeemed on completion as part of your Long Eaton conveyancing.