I can't travel far from Ardwick. Is there a reason why all Ardwick property lawyers aren't included on all mortgage company panels?
Banks point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in lenders culling less reputable firms off their official list of approved conveyancing practitioners .
My husband and I are acquiring a new build duplex in Ardwick and my solicitor is advising me that she is duty bound to the bank to disclose incentives from the builder. I am nearing the developer’s deadline to exchange contracts and my preference is not to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do commercial conveyancing searches reveal proposed roadworks that could affect a commercial estate in Ardwick?
Many commercial conveyancing solicitors in Ardwick will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Ardwick. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Ardwick.
For each commercial conveyancing transaction in Ardwick it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Ardwick commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Ardwick.
Are there restrictive covenants that are commonly identified during conveyancing in Ardwick?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ardwick. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the input of my in-laws I had a survey completed on a property in Ardwick prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders tend not grant a loan on such a home.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Ardwick. Conveyancing will be smoother if you use a solicitor in Ardwick especially if they are familiar with such properties in Ardwick.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.