I can't travel far from New Eltham. I would like to know the understand why all New Eltham conveyancing practitioners are not on all mortgage company panels?
Pre- 2008 most banks demonstrated an approach to risk which is different from today. The FSA in 2010 conducted a thematic review into fraud which concluded: know the lawyers on your panel. Consequently, lenders have subsequently looked to extract more data from law firms about their processes and the individuals who work for them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have been excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the criteria of volume of transactions the mortgage companies required.
We are purchasing a property and require a conveyancing solicitor in New Eltham who is on the Lloyds approved panel. Can you recommend a local conveyancing 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 Lloyds . We don't recommend any particular firms conducting conveyancing in New Eltham.
I am in the process of refinancing my apartment in New Eltham, does my lawyer have to be on the UBS Conveyancing panel?
There is nothing to stop you using your solicitor, but UBS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
The estate agent has sent us the confirmation of our purchase of a new build apartment in New Eltham. 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in New Eltham
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared.
Due to the guidance of my in-laws I had a survey completed on a house in New Eltham in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may refuse to give a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in New Eltham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in New Eltham to see if the conveyancing will be more expensive.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.