We wanted to use a property lawyer in Northampton for our home move. Our broker informed us that our bank Barclays won't deal with them. Surely this is unduly restrictive?
Mortgage Companies normally restrict either the category or the amount of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, a few lenders have limited the number of firms they allow to act for them. Be aware that Barclays have no responsibility for the quality of advice provided by any member of Barclays Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there are mixed views regarding the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that plenty of law firms, including some in or near Northampton only conduct a couple conveyances per annum.
We are planning to move house in March. Does my conveyancing solicitor update the removal company on the completion day. As an aside, can you recommend a removal company in Northampton. Conveyancing firm was chosen prior to coming across this website.
On the day of completion you will need to pick up the keys from the property agent however this should only occur once the sellers conveyancers confirm to the agent that they have the completion monies and the keys can be given over. Subsequently you will need to inform the removal company that they can start moving you in. We are not in a position to recommend a particular removal company but can assist you in choosing a residential property solicitor in Northampton or a lawyer that specialises in conveyancing in Northampton.
When it comes to mortgage companies such as Aldermore, do Northampton conveyancers face a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
Is it the case that all Northampton conveyancing solicitors on the Santander conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Santander approved list of solicitors they would need to be governed by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the practice would be regulated by the CLC.
Are there restrictive covenants that are commonly picked up during conveyancing in Northampton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Northampton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one close by in Northampton I like with amenity areas and station nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Northampton in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
What does commercial conveyancing in Northampton cover?
Northampton conveyancing for business premises incorporates a broad array of advice, provided by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Is it best to instruct a Northampton conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can carry out the conveyancing however her office is 400kilometers drive away.
The benefit of a high street Northampton conveyancing firm is that you can pop in to execute paperwork, hand in your ID and pester them if necessary. They will also have local insight which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were impressed that must trump using an unknown Northampton conveyancing solicitor solely due to them being round the corner.