My husband and I are purchasing a 2 bedroom apartment in Thatcham with a mortgage. We have a Thatcham conveyancer, however the bank says he's not on their "panel". It appears that we have no option but to instruct one of the bank panel solicitors or keep our Thatcham lawyer as well as pay for one of their panel lawyers to represent them. This feels very unfair; can we not require that the lender use our Thatcham lawyer ?
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. A further alternative is for your Thatcham conveyancing solicitor to apply to be on the conveyancing panel.
I require conveyancing for an apartment in a fairly new development (seven years old) in Thatcham. 95% of the flats have already been sold. Do I need carry out the neighbourhood searches as part of conveyancing in Thatcham?
Where you are obtaining a mortgage, your bank will need some (many) of the searches so you'll have no choice. If not, then Thatcham conveyancing searches are for you to decide upon. Your solicitor, will 'advise', perhaps strongly, that you should not go ahead without searches, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Thatcham.
Can your site be used to recommend a Conveyancing solicitor in Thatcham even where I’m not buying or disposing of a house, for example if I wish to buy an office in Thatcham with a mortgage from Barnsley Building Society?
Our search tool is mainly there to select residential conveyancing solicitors in Thatcham but we have listed at the bottom of this page some Thatcham commercial conveyancing firms. You will need to make contact with the firm directly to check if they can also act for Barnsley Building Society
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial estate in Thatcham?
Its becoming the norm that commercial conveyancing solicitors in Thatcham will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Thatcham. The search result provides definitive information 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 Thatcham.
For each commercial conveyancing transaction in Thatcham 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 Thatcham commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Thatcham.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Thatcham I like with amenity areas and station in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Thatcham for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
In what way does the Landlord & Tenant Act 1954 affect my business offices in Thatcham and how can your lawyers assist?
The 1954 Act gives a safeguard to commercial leaseholders, granting the legal entitlement to make a request to court for a renewal lease and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Thatcham