My financial adviser has requested my Biddenham law firm’s panel reference for the HSBC conveyancing panel. What is the best way to discover this. I have e-mailed my local Biddenham office but they cant find it on their system.
Have you tried calling your Biddenham property lawyer about this?. Most Biddenham law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Completed the sale of my flat in Biddenham last December but the buyer keeps texting daily to say his lawyer is waiting to hear from mine. What should have happened following completion?
Post completion of your house sale your lawyer is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer must also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion formalities just for conveyancing in Biddenham.
When it comes to mortgage companies such as TSB, do Biddenham conveyancing practitioners face a fee to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
My offer was accepted on a property in Biddenham on 13/12/2024, valuation was booked 2 days later, all came back fine. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Are Coventry BS entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
After shopping around on the internet I have found a Biddenham property lawyer having checked that they are on the Nottingham conveyancing panel. Does my lawyer arrange the survey of the property?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Biddenham postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Biddenham.
Are there restrictive covenants that are commonly identified during conveyancing in Biddenham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Biddenham. 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…’
Am I right to be suspicious that estate agents that I am dealing with are suggesting a nationwide conveyancing firm rather than a local Biddenham conveyancing company?
As with many service providers, often referrals from connections can be worth their weight in gold. Yet there are lots of parties with a keen interest in a conveyancing deal; estate agents, financial adviser and mortgage companies may suggest conveyancers to select. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes financial incentive behind the endorsement. You are free to select your own lawyer. Don't forget that the majority of banks specify a panel list of lawyers you have to use for the lender related work in your transaction.
I am attracted to a couple of maisonettes in Biddenham both have approximately forty five years left on the leases. Will this present a problem?
There are plenty of short leases in Biddenham. The lease is a right to use the property for a period of time. As the lease gets shorter the marketability of the lease deteriorates and it becomes more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
Biddenham Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
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Is the freehold reversion owned collectively by the tenants? How many of the leaseholders are in arrears for their maintenance charge payments? What prohibitions are there in the Biddenham Lease?