Am I correct in assuming that the fact that my conveyancer in Cambridge Heath is not identified on my bank's solicitor panel that there is a problem with the quality of his conveyancing?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated 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 Cambridge Heath conveyancing firm and ask them why they are no longer on the approved list for your lender.
We are nearing an exchange on a property in Cambridge Heath and my parents have transferred the 10% deposit to my lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The lawyer is obliged to check with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
What will a local search inform me about the property my wife and I purchasing in Cambridge Heath?
Cambridge Heath conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search plays an important part in many a Cambridge Heath conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I have recentlydiscovered that Action Conveyancing have closed. They carried out my conveyancing in Cambridge Heath for a purchase of a freehold house 18 months ago. How can I establish that my home is in my name in the name of the previous owner?
The quickest method to see if the property is registered to you, you can make 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 Cambridge Heath conveyancing specialists.
Just had an offer accepted on a new build apartment in Cambridge Heath. Conveyancing is daunting 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 few leasehold new build questions that you can expect your new-build leasehold conveyancing in Cambridge Heath
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There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. 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.
I opted to have a survey completed on a house in Cambridge Heath ahead of retaining solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend refuse to give a loan on this type of property.
It varies from the lender to lender. Lloyds has different instructions from 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 assist as they are used to dealing with flying freeholds in Cambridge Heath. Conveyancing will be smoother if you use a solicitor in Cambridge Heath especially if they are familiar with such properties in Cambridge Heath.