I am planning to acquire a property and require a conveyancing solicitor in Patcham who is on the Leeds Building Society conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Patcham. We dont recommend any particular firm.
Are there restrictive covenants that are commonly picked up during conveyancing in Patcham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Patcham. 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…’
I am looking for a flat up to £245,000 and found one round the corner in Patcham I like with a park and station in the vicinity, however it's only got 52 years on the lease. There is not much else in Patcham suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Am I right to be suspicious about estate agents that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a local Patcham conveyancing company?
As with many service providers, often recommendations from family and friends can be most helpful. But there are numerous players in a conveyancing matter; estate agents, financial adviser and banks may recommend solicitors to instruct. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but occasionally there exists a financial incentive behind the recommendation. You have the right to appoint your own lawyer. However, bear in mind that many lenders specify a panel list of conveyancers you are obliged to use for the lender related work in your home move.
My husband and I are 14 days into a freehold purchase having been directed to solicitors by the selling agent to handle our conveyancing in Patcham. I am not happy. Could you help me find new lawyers?
A lawyer would have to be very bad in order to consider replacing them. Has the mortgage been issued? If so you need to advise them of the replacement solicitor and get the loan are issued to the new lawyers. Your solicitor ideally should be on the lenders panel to avoid supplemental charges and complications. So that should be your first question of the new lawyers. The find a solicitor tool can help you find a lender approved conveyancer for your home move in Patcham
My 20yr old son is embarking on her first house purchase, he had his mortgage in principle. When the seller agreed the offer on the house we telephoned the building society to issue the formal offer. We were very surprised to discover that mortgage companies do not accept all lawyer, they have to be on a list, is this legal?
Banks tend to imposes restrictions either the type or the number of conveyancing firms on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Patcham solicitor on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.