My wife and I are looking to buy a home in Stokenchurch and have appointed a Stokenchurch conveyancing firm. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Norwich and Peterborough Building Society have this evening contacted us to inform me that they have now hit a problem as our Stokenchurch lawyer is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Stokenchurch lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
I am purchasing a property mortgage free in Stokenchurch. I have been living for the last 15 years in Stokenchurch. Conveyancing searches are expensive. Given that I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the Stokenchurch conveyancing searches are at your discretion. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches done, but she is duty bound to take that path of guidance. Do take into account; if you are going to dispose of the house one day, it will be of importance to your prospective purchaser what the searches disclose. On occasion houses with functional issues can still reveal negative search results. A good conveyancing solicitor in Stokenchurch will be able to give you some constructive guidance in this regard.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a property in Stokenchurch? or I am told that there is an ancient law that means some owners of property residing in a parish church boundary will be compelled to contribute towards repairs to the chancel in proximity to the church. Is this applicable for conveyancing in Stokenchurch?
Unless a prior purchase of the property took place post 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Stokenchurch to remain encouraging a chancel search and or chancel repair liability policy.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Stokenchurch. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Stokenchurch
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants.
How straightforward is it to use the search app to get a costs illustration from a conveyancing solicitor in Stokenchurch on the approved list for my mortgage?
First select a mortgage company such as Accord Mortgages Ltd, The Mortgage Works or Aldermore then specify your preferred area such as Stokenchurch. Conveyancing firms in Stokenchurch and across England and Wales will then be shown.
I am thinking of appointing a conveyancing solicitor in Stokenchurch for my remortgage. Can I see a firm’s record with the legal regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.