Am I correct in assuming that the fact that my conveyancer in Wisbech is not listed on my mortgage company's conveyancing panel that there is a problem with the standard of her work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Wisbech conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
At what point can the exchange of contracts occur in sale conveyancing in Wisbech and am I required to be at the solicitors branch?
If you are local to our conveyancing solicitors in Wisbech you are invited in to sign contracts. However, the lender approved solicitors we recommend supply countrywide coverage for conveyancing and give as equally diligent and professional a job for you when communicating with you electronically. The executing of the property agreement is not the point of no return. Signing on the dotted line simply enables the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wisbech)to be in the office available at the end of the phone to exchange contracts.
Due to the input of my in-laws I had a survey completed on a house in Wisbech prior to retaining solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend not grant a loan on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wisbech. Conveyancing will be smoother if you use a solicitor in Wisbech especially if they regularly deal with such properties in Wisbech.
I am selling my home. My previous solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Wisbech if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Wisbech. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Am I better off to appoint a Wisbech conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can execute the conveyancing however they are based a couple of hundredkilometers drive away.
The primary upside of using a local Wisbech conveyancing practice is that you can visit the firm to sign paperwork, present your ID and apply pressure on them where appropriate. They will also have local intelligence which is a plus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were content that must trump using an unknown Wisbech conveyancing lawyer solely due to them being based in the area.
I am looking at a couple of flats in Wisbech which have approximately fifty years remaining on the lease term. should I be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.
Leasehold Conveyancing in Wisbech - Examples of Queries Prior to Purchasing
Is there a share of the freehold? What is the service charge and ground rent on the flat?