Is the fact that my conveyancer in Reading is not listed on my bank's solicitor panel that there is a problem with the quality of the firm’s conveyancing?
That is most likely an incorrect assumption to make. There are plenty of plausible explanations. A recent 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. If you are concerned you should contact the Reading conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
My fiancee and I are acquiring our first house. The conveyancer has calledto check if we wish to take out supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Reading
The range of Reading conveyancing searches depends entirely on the property, the location, the possibility of any of these risks, your knowledge of the area and risks, your general attitude to risk. What is important is that you properly comprehend what information each search could give you. Then you can decide if you personally think you need that search. Should you be in doubt, ask your solicitor to advise.
How up to date is your search tool for Reading conveyancing solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Reading conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
What does a local search reveal concerning the property my wife and I buying in Reading?
Reading conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays an important part in many a Reading conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your property. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
My wife and I own a terraced Edwardian property in Reading. Conveyancing practitioner represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Reading and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing practitioner who conducted the purchase.
I decided to have a survey done on a property in Reading ahead of retaining lawyers. I have been informed that there is a flying freehold element to the house. The surveyor advised that some banks may refuse to issue a loan on this type of house.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you e-mail us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Reading. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Reading to see if the conveyancing will be more expensive.