It has come to my attention via my mortgage broker that my Abbey Wood the law firm I have appointed is not on the bank Solicitor panel. How can I be certain that this is indeed the case?
Your first step should be to call your Abbey Wood lawyer directly. You lawyer should advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
We wanted to use a property lawyer in Abbey Wood for our home move. Our financial adviser informed us that our mortgage company Alliance & Leicester won't deal with them. Why is this not regarded as unduly restrictive?
Lenders normally restrict either the type or the amount of conveyancing firms on their member panel. A common example of such restriction(s) being that a firm must not be a sole practitioner. In addition to restricting the type of firm, some have decided to limit the number of solicitor practices they permit to represent them. Be aware that Alliance & Leicester have no responsibility for the quality of advice provided by any member of Alliance & Leicester Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels a few years ago even though there remains differing opinions concerning the extent of solicitor involvement in some of that fraud. Data from the Land Registry reveal that plenty of law firms, including some in or near Abbey Wood only perform very few conveyances a year.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Abbey Wood. 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 may expect your new-build leasehold conveyancing in Abbey Wood
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There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared.
Due to the advice of my in-laws I had a survey completed on a property in Abbey Wood before instructing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks tend not issue a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Abbey Wood. Conveyancing will be smoother if you use a solicitor in Abbey Wood especially if they are accustomed to such properties in Abbey Wood.
My husband and I are FTB’s - had an offer accepted, yet the estate agent advised that the owners will only proceed if we instruct their recommended solicitors as they need an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in Abbey Wood
It is unlikely the sellers are behind this. If they require ‘a quick sale', alienating a serious purchaser is not the way to achieve this. Try to communicate with the sellers directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you intend to instruct your preferred Abbey Wood conveyancing lawyers - as opposed tothose that will give their estate agent a kickback or achieve conveyancing thresholds set by head office.
It may have been a long time coming a loan offer from a mortgage company for the refinancing of my 2 bedroom garden flat is coming within the next few days. Can you suggest a cheap remortgage conveyancing solicitor in Abbey Wood ?
You are on the wrong site if you are in need of a cheap conveyancing in Abbey Wood. Our goal is to offer value for money conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint brokers offering low cost conveyancing in Abbey Wood.At best, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fee and still not get the service required.