I am in the process of selling my home in Blackwall and the EA has just e-mailed to say that the buyers are changing their law firm. I am told that this is due to the fact that the bank will only work with property lawyers on their conveyancing panel. Why would a major lender only work with certain law firms rather the firm that they want to appoint to handle their conveyancing in Blackwall ?
Banks have always had panels of law firms they are willing to work with, but in recent years big names such as Lloyds Banking Group, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for over 25 years.
Mortgage companies point to the increase in fraud by way of justification for the cull – criteria have been stiffened as a smaller panel is easier to keep an eye on. Banks tend not to disclose 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 your site be used to find a Conveyancing solicitor in Blackwall even where I’m not buying or disposing of a house, for instance if I intend to acquire a shop in Blackwall with a mortgage from Norwich and Peterborough Building Society?
Our comparison service is mainly utilised to get a quote from domestic conveyancing solicitors in Blackwall but we have listed towards the bottom of this page a few Blackwall commercial conveyancing firms. You will need to speak with the solicitors directly to establish if they can also act for Norwich and Peterborough Building Society
Are there restrictive covenants that are commonly identified during conveyancing in Blackwall?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Blackwall. 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…’
About to purchase a new build apartment in Blackwall. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Blackwall
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I decided to have a survey completed on a property in Blackwall before instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may refuse to grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Blackwall. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Blackwall to see if the conveyancing costs will increase in light of this.
If instructed can a conveyancer remove someone from the title of my property in Blackwall ?
Removing or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer