My wife and I are hoping to acquire a property in Borough Green and are in fact using a Borough Green conveyancing practice. Within the last couple of days our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Lloyds TSB Bank have this afternoon contacted us to advise us that they have now hit a problem as our Borough Green conveyancer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Borough Green lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
I used Wolstenholmes several years past for my conveyancing in Borough Green. Now, I need the files however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Borough Green of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in Borough Green. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Borough Green
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey carried out on a house in Borough Green in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some lenders may refuse to give a mortgage on this type of home.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Borough Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Borough Green to see if the conveyancing costs will increase in light of this.
I'm converting the mortgage on my existing home to a buy to let mortgage with Leeds Building Society and I will use the ballance of the raised equity towards a second property. The neighborhood we are looking at is Borough Green. Will your solicitors be able to act for both sets of lenders and link together the two deals?
Make use of our search tool on this page to ensure that the lawyers are on the relevant lender panels. Having checked that they are the conveyancer should be able to connect the two deals but you should talk with you lawyer and communicate your expectations and requirements.
My husband and I are FTB’s - agreed a price, but the estate agent has warned us that the owners will only proceed if we instruct their preferred conveyancers as they want a ‘quick sale’. We would rather use a high street conveyancer used to conveyancing in Borough Green
It is unlikely the owners are behind this. If they want ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Try to communicate with the sellers directly and make sure they understand (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to instruct your own,trusted Borough Green conveyancing firm - not the ones that will give the estate agent a referral fee or meet his conveyancing targets set by corporate headquarters.