I am one month into the sale of my ground floor flat in Bosham and the estate agent has just telephoned to say that the purchasers are swapping solicitor. I am told that this is due to the fact that the mortgage company will only work with property lawyers on their conveyancing panel. On what basis would a major lender only engage with certain lawyers rather the firm that they want to appoint to handle their conveyancing in Bosham ?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in recent years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for many years.
Lending institutions point to the increase in fraud as the reason for the reduction – criteria have been tightened 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 being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.
We were just about to sign contracts for a property in Bosham. We have hit a snag. The mortgage offer with Birmingham Midshires runs out on 16/3/2026 but the sellers are suggesting a completion date of 18/3/2026. Is it possible to prolong the mortgage expiry date?
The best person to address this issue is your lawyer who is in a position to determine whether he or she is better off negotiating with the mortgage broker, vendor’s representatives, selling agents or indeed all parties taking into account the history of your house move as of today.
Just had an offer accepted on a new build flat in Bosham. 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 conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Bosham
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. 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. 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've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Bosham is the location of the property. Is there any guidance you can impart?
Flying freeholds in Bosham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bosham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bosham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are one month into a freehold purchase having been referred to a firm by the selling agent to carry out the conveyancing in Bosham. We are not happy. Can you you assist me in finding new solicitors?
They would need to be very poor in order to consider replacing them. Has the loan offer been sent? In the event that it has you need to make them aware of the replacement solicitor and ensure the offer are re-sent. The solicitor ideally needs to be on the lenders panel to avoid added fees and complications. So that should be your starting point. The find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Bosham
My financial adviser has recommended their conveyancer for the conveyancing in Bosham - Is it not simpler better to just instruct them?
It is not always the case and you are at liberty to opt for whichever conveyancing practitioner you prefer for your Bosham conveyancing. A property lawyer put forward by a 3rd party adviser may not necessarily be the right conveyancer, they may recommend their preferred conveyancing firm who are based far away. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.