I am selling my house in Prestatyn and the EA has just text me to say that the buyers are switching law firm. I am told that this is due to the fact that the lender will only deal with solicitors on their approved list. Why would a leading lender only work with specific lawyers rather the firm that they want to appoint to handle their conveyancing in Prestatyn ?
UK lenders have always had an approved set of law firms they are content to work with, but in the past few years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Mortgage companies blame a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to oversee. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.
Do the conveyancing solicitors identified via your search tool execute conveyancing in Prestatyn by way of an attended exchange?
There are a few conveyancing experts carrying out personalised exchanges. Please call us to get a costs illustration and details as to dates.
Finally the sale completed on my house in Prestatyn last February but my buyer keeps telephoning me complaining that his lawyer is waiting to hear from mysolicitor. What are the post completion sale legalities following completion?
Following your disposal your conveyancer is committed to forward the transfer documentation and all additional paperwork to the purchaser's conveyancer. Where appropriate, your solicitor should also send confirmation that the home loan has been redeemed to the purchasers lawyers. There is unlikely to be post completion formalities peculiar conveyancing in Prestatyn.
My father has urged me to instruct his conveyancing solicitors in Prestatyn. Do I follow his recommendation?
There are no two ways about it the best way to find a conveyancing solicitor is to seek recommendations from friends or relatives who have previously instructed the solicitor that you are considering.
I am on look out for some leasehold conveyancing in Prestatyn. Before I get started I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Prestatyn - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Prestatyn - Sample of Queries Prior to Purchasing
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The answer will be important as a) areas may cause problems in the block as the communal areas may begin to deteriorate where maintenance remain unpaid b) if the leaseholders have an issue with the managing agents you will wish to know about it How many of the leaseholders are in arrears for their service charge payments?
Been on the hunt for a lawyer for freehold sale conveyancing in Prestatyn. I'm selling, uncomplicated no mortgage to discharge, no hurry, currently empty. Got an estimate from a conveyancer for £800 plus VAT which is a tad expensive considering its so straightforward. Can I pay less for conveyancing in Prestatyn?
As it’s a sale only, 475 + VAT should be about the lowest for a Prestatyn solicitor firm.