I am in the process of selling my flat in Seaton and the estate agent has just telephoned to warn that the purchasers are appointing a new solicitor. The excuse is that the bank will only deal with solicitors on their approved list. Why would a leading lender only work with certain law firms rather the firm that they want to appoint to handle their conveyancing in Seaton ?
UK lenders have always had an approved set of law firms they are content to work with, but in the last few years big names such as Yorkshire Building Society, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for many years.
Mortgage companies blame a rise in fraud by way of justification for the pruning – criteria have been tightened as a smaller panel is easier to monitor. 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 being contacted daily by practices 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.
When can the exchange of contracts take place for purchase conveyancing in Seaton and do I need to attend the conveyancers branch?
Where you are in close proximity to our conveyancing solicitors in Seaton you are invited in to sign the paperwork. That being said, the law practices we work with provide countrywide coverage for conveyancing and give as equally detailed and professional a job for you when dealing with you digitally. The executing of the sale agreement is not the critical part. A signed contract is necessary for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Seaton)to be in the office at the appropriate time.
I am purchasing a new build flat in Seaton. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Seaton you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Seaton.
I decided to have a survey carried out on a house in Seaton ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some lenders will not issue a loan on such a home.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Seaton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Seaton to see if the conveyancing will be more expensive.
Am I better off to choose a Seaton conveyancing solicitor based in the vicinity that I am buying? An old friend can carry out the legal work however his firm is located 200miles drive away.
The primary upside of using a high street Seaton conveyancing firm is that you can pop in to execute documents, present your identification documents and pester them where appropriate. Having local Seaton know how is a plus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and on the whole were impressed that must surpass using an unknown Seaton conveyancing lawyer solely due to them being local.
I have just started marketing my 2 bed flat in Seaton. Conveyancing solicitors are to be appointed soon, however I have recently had a yearly service charge demand – what should I do?
The sensible thing to do is pay the service charge as normal as all ground rent and maintenance charges should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Seaton Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
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It would be prudent to discover if there is anything that is prohibited in the lease. For instance it is fairly common in Seaton leases that pets are not permitted in in a block in Seaton. If you like the apartmentin Seaton however your cat can’t move with you then you have a very hard determination. What is the name of the managing agents? Is there a share of the freehold?