I am progressing with the sale of my ground floor flat in Witham and the EA has just called to warn that the purchasers are changing their property lawyer. The excuse is that the lender will only deal with property lawyers on their conveyancing panel. Why would a leading mortgage company only deal with certain solicitors rather the firm that they want to choose for their conveyancing in Witham ?
Banks have always had panels of law firms that can represent them, but in the past few years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Banks point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
Our mortgage company has suggested a law firm on their panel based in Witham but I would rather choose a conveyancing lawyer in Witham or nearer to where I live. Are you able to assist?
Not all Witham conveyancing solicitors are on all banks conveyancing panel. Use the above find an approved solicitor tool to choose a Witham conveyancing firm on the on the bank panel.
Just had an offer accepted on a new build apartment in Witham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Witham
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Witham I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Witham for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I am looking for a conveyancing solicitor in Witham for my house move. Can I see a solicitor's record with the legal regulator?
You may read documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training reasons.
My brother is buying a basement flat in Witham. He was given a quote by the solicitor connected to the selling agents and it came to £1245 . It was 7 years ago I sold and bought a home and it cost was £440. Have charges really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Witham searches, land registry fees, etc)