Am I correct in assuming that the fact that my solicitor in Malden is not identified on my bank's conveyancing panel that there is a problem with the standard of his work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack 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. If you are concerned you should contact the Malden conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
I am about to complete on the purchase of a house in Malden but as a result of wreckage from some water damage at the property I have was able negotiate recompense from the owner in the sum of £3k in the form of a adjustment in the price. This was going to be addressed as part of a side agreement yet Skipton are not allowing this. Should they have been notified?
Any property lawyer being on a Skipton conveyancing panel is obliged to disclose to Skipton of any amendments to the purchase price. If you prohibit your solicitor to report the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new property lawyer for your conveyancing in Malden.
My colleague suggested that if I am buying in Malden I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Malden conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Malden around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Malden Education with maps and statistics, Local Amenities and other useful information about Malden.
About to purchase a new build flat in Malden. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Malden
-
The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.
Is it possible to switch solicitor as I need to select a firm on the Barclays conveyancing panel. I instructed a family conveyancing solicitor in Malden five minutes from me but she is not accepted by Barclays
It would be our pleasure to help you find a conveyancing solicitor in Malden on the Barclays panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Malden. In utilising search facility on this website, you can scrutinise charges for conveyancing solicitors in Malden and throughout England and Wales.
My partner and I expecting to exchange on the purchase a house in Malden but as a consequence of damage from the recent storms I have negotiated compensation from the owner of five thousand pounds taking the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process yet the lender will not permit this. Why were they notified?
Any conveyancer listed on a mortgage company conveyancing panel is duty bound to inform the lender of any amendments to the purchase price. If you prohibit your property lawyer to notify the price change to your lender then they would have no choice but to discontinue representing you and the lender.