I am not well enough to travel far from Armthorpe. Is there a reason why all Armthorpe lawyers are not on all lender panels?
As inequitable as it may appear for banks to restrict who can represent them, from the public’s or conveyancer’s perspective, the the contrary view is that banks are becoming ever more anxious and consider it vital to protect them from illegal activities. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a manageable size.
Would the conveyancing lawyers identified via your search tool conduct auction conveyancing in Armthorpe?
We know of a few niche lawyers we can put you in touch with those conducting auction conveyancing. Armthorpe is just one of hundreds of locations in which our lawyers have a presence.
What does a local search reveal about the property we're purchasing in Armthorpe?
Armthorpe conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search company such as Searchflow The local search is essential in every Armthorpe conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I own a 4 bedroom Georgian house in Armthorpe. Conveyancing practitioner represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Armthorpe and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who completed the work.
I'm refinancing my existing property to a BTL loan with Nottingham Building Society and I will use the rest of the raised equity as a deposit on another property. The location we are interested in is Armthorpe. Will your solicitors be able to act for both sets of banks and tie in the transactions?
Do use our search tool on this page to check that the solicitors are on the appropriate lender panels. Assuming that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you conveyancer and make clear your desired outcome and needs.
My son is about to join the property ladder, the home loan was agreed last week in principle. After the offer was accepted on apartment we contacted the bank to progress the mortgage application. We were disappointed to discover that mortgage lenders do not accept all property lawyer, they have to be on a list, is this correct?
Banks ordinarily imposes restrictions either the type or the number of conveyancing firms on their panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Armthorpe conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.