I can't travel far from Swanland. Please spell out why all Swanland conveyancing practitioners aren't automatically on all lender panels?
Lenders highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This led to mortgage companies purging a number of firms from their panel of approved lawyers .
Is there a search tool that I can use to investigate if the solicitor handling my conveyancing in Swanland is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £192.00 in another set of legal fees.
You should make the most of the search tool on this site. Pick the mortgage company and type ‘Swanland’ or your preferred area and you will see numerous conveyancers based in Swanland or by proximity to you.
five months have gone by following my purchase conveyancing in Swanland concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £195,000 and found one round the corner in Swanland I like with amenity areas and station in the vicinity, however it's only got 51 years unexpired on the lease. I can't really find anything else in Swanland for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan that many years may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I'm remortgaging my current home to a buy to let loan with Aldermore and I will use the rest of the raised equity as a deposit on another property. The neighborhood we are looking at is Swanland. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Make use of our search tool on this page to check that the solicitors are approved by both mortgage companies. Assuming that they are your lawyer should be able to connect the two conveyancing matters but you should talk with you solicitor and make apparent your desired outcome and needs.
I am purchasing a garden apartment in Swanland. Conveyancing lawyer is waiting for, from the owner, building insurance paperwork. I was told today I was advised that the seller must forward the insurance paperwork for the flat above as well. Why would my solicitor need to see the insurance for the flat above? Is it really necessary? We have been waiting for the previous month…
It is not impossible in leasehold conveyancing in Swanland to find Conveyancing in Swanland in a minority of cases reveals that the lease requires the tenant's to insure their individual flats as opposed to the landlord insuring the whole block - which is clearly better. You should contact your solicitor but it would appear that your solicitor is looking to verify that the complete building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed due to lack of insurance cover.