I am 3 weeks into the sale of my ground floor flat in South Woodham Ferrers and the EA has just telephoned to warn that the purchasers are swapping property lawyer. I am told that this is due to the fact that the mortgage company will only engage with property lawyers on their approved list. Why would a big named mortgage company only deal with certain lawyers rather the firm that they want to appoint to handle their conveyancing in South Woodham Ferrers ?
Lenders have always had panels of law firms they are content to work with, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for many years.
Lenders point to the increase in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.
My wife and I are approaching an exchange on a house in South Woodham Ferrers and my mum and dad have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your property lawyer is duty bound to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
How do I find out if the solicitor handling my conveyancing in South Woodham Ferrers is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus spending £187.00 plus VAT in supplemental legal fees.
Please do make the most of the search tool on this web page. Please choose the lender and type ‘South Woodham Ferrers’ or your preferred area and you will see numerous solicitors located in South Woodham Ferrers or nearest you.
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in South Woodham Ferrers?
Its becoming the norm that commercial conveyancing solicitors in South Woodham Ferrers will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in South Woodham Ferrers. The search result 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 South Woodham Ferrers.
For every commercial conveyancing transaction in South Woodham Ferrers it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to South Woodham Ferrers commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in South Woodham Ferrers.
I need to appoint a conveyancing solicitor for some conveyancing in South Woodham Ferrers. I have land on a web site which appears to be the perfect solution If there is a chance to get all this stuff completed via email that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am on look out for some leasehold conveyancing in South Woodham Ferrers. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is registered - and almost all are in South Woodham Ferrers - then the leasehold title will always include the short particulars 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.
South Woodham Ferrers Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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Please tell me if there are any major works in the near future that could increase the maintenance charges? What is the name of the managing agents? The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees have control and although a managing agent is usually employed where it is larger than a house conversion, the managing agent employed by the leaseholders.