Is the fact that my solicitor in Bellingham is not listed on my bank's conveyancing panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Bellingham conveyancing firm and enquire why they are no longer on the approved list for your bank.
My partner and I are acquiring our first house. The lawyer has messagedto see if we want to purchase extra conveyancing searches. We are really unsure what's recommended for conveyancing in Bellingham
The type of Bellingham conveyancing searches should be triggered based primarily on the property, the location, the possibility of any of these risks, your knowledge of the region and risks, your overall approach to risk. What matters is that you adequately understand what information each search could provide. You may then decide if you personally think you need that information. Should you be uncertain, ask the solicitor to guide you.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Bellingham?
Many commercial conveyancing solicitors in Bellingham will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Bellingham. 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 Bellingham.
For each commercial conveyancing transaction in Bellingham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Bellingham commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Bellingham.
Are there restrictive covenants that are commonly identified as part of conveyancing in Bellingham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Bellingham. 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…’
Over the last few months I have been searching for a flat up to £305k and found one close by in Bellingham I like with open areas and railway links nearby, however it's only got 61 years unexpired on the lease. There is not much else in Bellingham suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I have been pointed in your direction by a number of property agents in Bellingham to locate a solicitor using your seach tool. What’s the financial incentive for Estate Agents to market your services rather than a competitor’s?
We refuse to offer any commission for pointing buyers and sellers our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.