Am I correct in assuming that the fact that my solicitor in Bulkington is not identified on my bank's conveyancing panel that there is a problem with the quality of the firm’s work?
That would more than likely be a wrong assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Bulkington conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
We are a couple about to sign contracts for a garden flat in Bulkington. We encountered a problem. Our mortgage offer with Lloyds TSB Bank runs out on 28/3/2025 but the sellers are putting forward a completion date of 1/4/2025. Is it possible to extend the mortgage offer?
The person best placed to deal with your issue is your lawyer who is in a position to assess whether they better off negotiating with the mortgage company, vendor’s representatives, estate agents or possibly all three taking into account the circumstances your transaction to date.
I had intended to instruct a conveyancing solicitor in Bulkington for our house move. Our financial adviser has since notified us that our mortgage company Norwich and Peterborough Building Society won't deal with them. Surely this is unduly restrictive?
A mortgage company can insist on an approved conveyancer act for it. Borrowers are expected to bear the cost of this. Do use our directory service to locate a solicitor to conduct conveyancing in Bulkington on the Norwich and Peterborough Building Society approved list of solicitors.
How can we tell if a Bulkington conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Bulkington obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor carrying out your transaction.
We were going to get a OIP from RBS this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Bulkington solicitors on the RBS conveyancing panel, or is it better to go independently?
You will need to appoint Bulkington solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I have decided to exercise my right to buy my property in Bulkington off the council. I have a mortgage agreed with Leeds Building Society. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
I have todaybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Bulkington for a purchase of a leasehold apartment 10 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way to see if the property 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 Bulkington conveyancing specialists.
I am looking for a leasehold apartment up to £195,000 and identified one near me in Bulkington I like with amenity areas and station nearby, however it only has 61 years on the lease. There is not much else in Bulkington suitable, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.