I am buying a ground floor flat in Banstead. My property lawyer is not listed on the mortgage company conveyancing list. Is it possible for me to use my Banstead conveyancing solicitor notwithstanding that they are excluded from the mortgage company list of approved lawyers?
You have numerous options available to you here
- Complete the purchase with your existing Banstead property lawyer but your mortgage company will no doubt retain a lawyer from their conveyancing panel. This will result in additional cost together with potential frustration.
- Appoint a fresh conveyancing practitioner to act in the purchase, ensuring that they are on the mortgage company conveyancing panel.
- Convince your conveyancer to attempt to join the lender panel
Are the BSA intent on creating a online directory to list solicitors on the Darlington Building Society conveyancing panel for example in Banstead?
We have not been informed any intention on the part of the BSA to promote such a register.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Banstead?
Two types of professional can do conveyancing in Banstead namely licenced conveyancers or solicitors. Both professionals handle conveyancing services that you need to complete the disposal or purchase of property. They are both required to handle Banstead conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be professionally administered and that all requisite steps will be correctly attended to.
My stepmother advised me that in purchasing a property in Banstead there could be a number of restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are a number of properties in Banstead which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Banstead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am selling my apartment. I had a double glazing fitted in December 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Nottingham are being pedantic. The Banstead solicitor who is on the Nottingham conveyancing panel is recommending indemnity insurance as a solution but Nottingham are requiring a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Do I need to take out insurance to address the risk of chancel repairs when purchasing a residence in Banstead?
Unless a previous purchase of the house completed post 12 October 2013 you can expect solicitors carrying out conveyancing in Banstead to continue to advocate a chancel search and or insurance against a claim.
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Banstead for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Banstead conveyancing specialists.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Banstead is the location of the property. What do you suggest?
Flying freeholds in Banstead are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Banstead you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Banstead may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.