My wife and I are planning to buy a home in Waltham and are in fact using a Waltham conveyancing practice. Within the past 48 hours our lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Platform Home Loans Ltd have this morning contacted us to inform me that there is now an issue as our Waltham solicitor is not on their approved list of lawyers. Is this a problem?
When purchasing a property with mortgage finance it is conventional for the purchasers' solicitors 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 mortgage company 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 Waltham lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
Completed the sale of my flat in Waltham last May yet the purchaser is texting daily complaining that his lawyer is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
Post completion of your house sale your conveyancer should deliver the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Depending on the transaction, your lawyer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There is unlikely to be post completion requirements peculiar conveyancing in Waltham.
My father advised me that in buying a property in Waltham there may be various restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in Waltham which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Waltham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
How can we tell if a Waltham conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Waltham seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your transaction.
Completion of my purchase has taken place for my property in Waltham. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I am looking for a leasehold apartment up to £235,500 and identified one round the corner in Waltham I like with open areas and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Waltham in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
My company is wishing to lease a unit on the high street. Can you recommend solicitors offering no-sale-no fees for commercial conveyancing in Waltham for less than £1,200?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Waltham, including the disposal and acquisition of businesses as well as simply property. Whether you are intending to purchase or sell a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right firm. Regarding the charges these will vary based on the structure and nuances of the deal. Please provide us with your details or phone us so that we can provide you with a detailed commercial conveyancing calculation.
My cousin has urged me to use his conveyancing solicitors in Waltham. Should I find my own solicitor?
Much as we are happy to recommend a Waltham conveyancing lawyer the ideal way to select a conveyancing solicitor is to seek guidance from friends or family who have used the solicitor you're contemplating using.