I was advised yesterday by my estate agent that my Sanderstead solicitor is not on the mortgage company Conveyancing panel. How can I check?
You need to call your Sanderstead conveyancer. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
We wanted to use a property lawyer in Sanderstead for our house move. Our broker informed us that our mortgage company Clydesdale won't deal with them. Why is this not regarded as unduly restrictive?
A bank will direct that an approved conveyancer act for it. You would be expected to meet the charges for this. Please make use of our directory service to choose a solicitor to conduct conveyancing in Sanderstead on the Clydesdale member panel.
I am planning to move house in July. Should my conveyancing solicitor call the removal company on the completion day. Incidentally, can you recommend a removal company in Sanderstead. Conveyancing firm was found prior to coming across this site.
On the day of completion you will need to collect the house keys from the selling agent however this can only take place when the sellers conveyancers inform the agent that the monies to complete are in and the keys can be passed over. After that you should inform the removal men that you are ready to move in. We do not suggest a particular removal organisation but can help you choose a residential property solicitor in Sanderstead or a firm that specialises in conveyancing in Sanderstead.
Does a directory service exist listing RBS panel solicitors in Sanderstead on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings available over the internet. Where you are in need of a Sanderstead property lawyer on the RBS please use our facility.
We have a mortgage agreed in principle with UBS. Sanderstead conveyancing practitioners have been chosen. How long does it take for UBS to forward the offer to the solicitor?
There is no definitive answer here. Have UBS completed the valuation? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Sanderstead?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Sanderstead. 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 buying a new build flat in Sanderstead. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Sanderstead
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
My nephew is embarking on her first house purchase, the home loan was agreed last week in principle. One the seller agreed the offer on the flat we telephoned the mortgage institution to progress the mortgage application. I was shocked to hear that mortgage lenders do not accept all lawyer, they need to be on their approved list, is this right?
Mortgage Companies tend to restrict 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 banks have no responsibility for the quality of advice provided by any Sanderstead conveyancer 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? Unlikely.