I am progressing with the sale of my apartment in Bingham and the estate agent has just text me to advise that the purchasers are switching law firm. The reason given is that the lender will only engage with property lawyers on their conveyancing panel. On what basis would a big named lender only work with specific solicitors rather the firm that they want to choose to handle their conveyancing in Bingham ?
Mortgage companies have always had an approved set of law firms that can represent them, but in recent years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for more than 15 years.
Lenders blame a rise in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any sway in the decision.
Can the conveyancing solicitors via your comparison service execute attended exchange conveyancing in Bingham?
We do have a number of conveyancing specialists carrying out personalised exchanges. Do call us to obtain a costs illustration and details as to availability.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Bingham for a purchase of a freehold house 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest method to check if the premises 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 Bingham conveyancing specialists.
I opted to have a survey carried out on a house in Bingham before retaining solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some banks will not give a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bingham. Conveyancing will be smoother if you use a solicitor in Bingham especially if they are acquainted with such properties in Bingham.
I am looking into buying my first house which is in Bingham and I am already nervous. I couldn't find anything specific about Bingham. Conveyancing will be needed in due course but do you know about the Bingham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bingham. In the meantime here are some basic statistics that we found
I've found a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Bingham. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Bingham ?
The majority of houses in Bingham are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Bingham so you should seriously consider shopping around for a Bingham conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your lawyer will advise you fully on all the issues.