I am not well enough to travel far from Thornhill. I would like to know the reason why all Thornhill solicitors aren't included on all lender panels?
Mortgage Companies ordinarily restrict either the nature or the number of conveyancing solicitors on their approved list of lawyers. A common example of such criteria being that the firm must have two or more partners. As well as restricting the type of firm, some lenders made a decision to restrict the size of their panel they permit to represent them. You should note that banks have no responsibility for the accuracy of advice supplied by any Thornhill conveyancing practitioner on their panel. Mortgage fraud was a key driver in the reduction of conveyancing panels a few years ago even though there are opposing views about whether solicitors sat at the center of that fraud. Data via HMLR reveal that thousands of conveyancing firms only carry out one or two conveyances annually. Those advocating conveyancing panel cuts question why conveyancing firms deserve claim to be listed on a lender panel when clearly conveyancing is not their speciality?
Are the Thornhill conveyancing solicitors identified as being on the Nottingham conveyancing panel, together with their details provided by Nottingham?
Thornhill conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
I am buying a garden flat in Thornhill. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Thornhill 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 Thornhill.
I am helping my sister sell her house in Thornhill. Will the conveyancer commission an EPC or it is for me to see to?
Following the demise of Home Packs, EPC’s was left as a required element of selling a property. An energy assessment should be to hand prior to the property being marketed. This is not something that law firms ordinarily organise. Where you are instructing a Thornhill conveyancing practitioner they may help arrange energy assessments due to their relationships with long established Thornhill accredited person
I can not fathom if my bank requires a lease extension. I have telephoned my Thornhill bank branch on numerous occasions and was informed it wasn't a problem and they would lend. My Thornhill conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
After shopping around on the internet I have found a Thornhill solicitor having made sure that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Thornhill surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Are there restrictive covenants that are commonly picked up during conveyancing in Thornhill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Thornhill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Given that I am about to part with 450k on a garden flat in Thornhill I would like to have a conversation with the solicitor concerning thehouse move ahead of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be carrying out your conveyancing in Thornhill.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Thornhill should be the amount on the final invoice that you end up paying.