Am I correct in assuming that the fact that my solicitor in Prescot is not listed on my mortgage company's conveyancing panel that there is a problem with the standard of her conveyancing?
That would more than likely be an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters 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 lawyer 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 simply call the Prescot conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
This question may be naive but I am unseasoned as a 1st time purchaser of a ground floor flat in Prescot. Do I receive the keys to the house on the completion date from my solicitor? If this is the case, I will appoint a High Street conveyancing solicitor in Prescot?
On the day of completion you will not be required to go to the conveyancers office in Prescot. Conveyancing lawyers for you will transfer the completion advance to the seller's lawyers, and once they have received this, you will be invited to receive the keys from the property Agents and move into your new home. This tends to happen between 1 and 3pm.
Does a directory service exist listing Lloyds panel conveyancers in Prescot on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. Very few lending institutions make their panel listings available online. If you are in need of a Prescot solicitor on the Lloyds please make the most of our tool.
is it true that all Prescot conveyancing solicitors on the HSBC conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do permit licenced conveyancers on their panel in which case such firms would be governed by the CLC.
Are there restrictive covenants that are commonly picked up during conveyancing in Prescot?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Prescot. 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…’
About to purchase a new build apartment in Prescot. Conveyancing is daunting 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.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Prescot
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.
Due to the input of my in-laws I had a survey completed on a house in Prescot before retaining lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some lenders may refuse to grant a loan on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Prescot. Conveyancing will be smoother if you use a solicitor in Prescot especially if they are accustomed to such properties in Prescot.
How do I search for a Prescot solicitor on the Virgin Money conveyancing panel? I am a keen cyclist and am happy to travel upto 10miles to meet the lawyer.
You can use the facility on this website. Please choose the mortgage company and your location and you will see a number of Prescot conveyancing lawyers based on proximity. We have detailed some Prescot conveyancing firms towards the end of this page and you can call them to see if they are on the Virgin Money panel