I am one month into the sale of my home in Writtle and the EA has just text me to warn that the buyers are changing their conveyancer. I am told that this is due to the fact that the bank will only engage with solicitors on their approved list. Why would a major mortgage company only deal with certain lawyers rather the firm that they want to choose for their conveyancing in Writtle ?
Lenders have always had panels of law firms they are content to work with, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Mortgage companies point to the increase in fraud by way of justification for the pruning – criteria have been tightened as a smaller panel is easier to maintain. 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 do not even realise 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 not going to have any impact on this.
I am selling my home in Writtle. Does my solicitor need to be required to be on the Aldermore conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
Just had an offer accepted on a new build flat in Writtle. 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.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Writtle
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I decided to have a survey completed on a house in Writtle prior to appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend refuse to give a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Writtle. Conveyancing will be smoother if you use a solicitor in Writtle especially if they are accustomed to such properties in Writtle.
My company is intending to lease a unit on a shopping parade. Can you recommend solicitors offering fixed fees for commercial conveyancing in Writtle for less than 2k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Writtle, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. Regarding the fees these will vary based on the structure and nuances of the proposed transaction. Please provide us with your contact information or phone so as to enable us to supply you with comprehensive commercial conveyancing quote.
Can I establish who is the owner of a property in Writtle?
Provided the property is registered with HM Land Registry, and you have the details of the location of the property, you will be able to see results from the the Land Registry of the registered proprietor for a a minimal charge.