Me and my fiance are buying a 1 bedroom flat in Seaview with a mortgage. We have a Seaview conveyancer, however the mortgage company says he's not on their "panel". We have to appoint one of the lender panel firms or keep our Seaview lawyer as well as pay for one of their panel lawyers to act for them. This feels very unfair; are we not able to demand that the mortgage company use our Seaview conveyancer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Seaview conveyancing lawyer to apply to be on the conveyancing panel.
I am purchasing a terraced house in Seaview. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Seaview 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 Seaview.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial land in Seaview?
Many commercial conveyancing solicitors in Seaview will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Seaview. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Seaview.
For each commercial conveyancing transaction in Seaview it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Seaview commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Seaview.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one round the corner in Seaview I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Seaview for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I have been pointed in your direction by two or three local property agents in Seaview to choose a property lawyer on your site. Is there a financial upside for Estate Agents to offer your services over and above another?
We refuse to give any financial incentive for directing people our way. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I bought a house in Seaview last 22/2/2023 and to date it is still not registered with HMLR. It was part of a development site and my conveyancer told me that it can take twelve months to register. I have contacted HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
Contact your solicitor - Where you are unsatisfied with the responses, look up their internal complaints protocol and escalate your problem to a Complaints Manager. Registrations for Seaview conveyancing are not known to be especially complex.