I can't travel far from Catshill. Is there a reason why all Catshill solicitors aren't included on all bank panels?
A decade ago most banks exhibited an attitude to risk which is different from today. The Financial Services Authority in 2010 instigated a thematic review into mortgage fraud which in summary warned lenders: know the lawyers on your panel. Consequently, mortgage companies have since looked to extract more information from law firms about their processes and the individuals who work for them and set certain criteria such as completing a minimum amount of transactions. Thousands of firms have found themselves removed from lender panels even though they had 100% healthy track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the minimum volume of transactions the mortgage companies set.
We are buying a property and require a conveyancing solicitor in Catshill who is on the Aldermore approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Catshill.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Catshill?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Catshill. 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…’
How does conveyancing in Catshill differ for new build properties?
Most buyers of new build or newly converted property in Catshill come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Catshill tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Catshill or who has acted in the same development.
I opted to have a survey carried out on a house in Catshill ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend not issue a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to telephone us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Catshill. Conveyancing may be slightly more expensive based on your lender's requirements.
I am purchasing a flat mortgage free. My solicitor has been given with two distinct evidence of photographic identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer acknowledging that the money is in order and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Catshill conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.