Is the fact that my solicitor in Catshill is not identified on my mortgage company's solicitor panel that there is a problem with the standard of her work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer 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 contact the Catshill conveyancing firm and ask them why they are no longer on the approved list for your lender.
My husband and I are buying a newbuild flat in Catshill with a homeloan from Norwich and Peterborough Building Society.We like our Catshill conveyancing solicitor but Norwich and Peterborough Building Society informed us her practice is not on their "panel". It seems we are left with little choice but to instruct a Norwich and Peterborough Building Society panel firm or keep our local solicitor and pay for a Norwich and Peterborough Building Society panel lawyer to represent them. This seems very unfair; Can we not simply insist that Norwich and Peterborough Building Society use our lawyer?
No, not really. The home loan offered to you contains various provisions, one of which will be that conveyancers needs to be on the Norwich and Peterborough Building Society approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
I have been told that property searches are the primary reason for stalling in Catshill conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Catshill.
I am looking to sell my property. My past conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Catshill if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Catshill. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am tempted by the attractive purchase price for a couple of apartments in Catshill both have approximately fifty years left on the leases. Do I need to be concerned?
There are plenty of short leases in Catshill. The lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the saleability of the lease reduces and it becomes more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.
I purchased a basement flat in Catshill, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Corresponding properties in Catshill with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2088
With just 63 years left to run the likely cost is going to span between £16,200 and £18,600 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
I am buying a property and need a conveyancing solicitor in Catshill who is on the bank conveyancing panel. Can you recommend a Catshill or local Catshill conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Catshill. We dont recommend any particular solicitor.