I am in the process of selling my maisonette in Chafford Hundred and the EA has just e-mailed to warn that the purchasers are swapping solicitor. The excuse is that the lender will only deal with property lawyers on their conveyancing panel. Why would a major mortgage company only deal with specific lawyers rather the firm that they want to appoint to handle their conveyancing in Chafford Hundred ?
Lenders have always had an approved set of law firms that can act for them, but in the past few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Lenders blame a rise in fraud by way of justification for the cull – criteria have been narrowed as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that 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. The purchasers are not going to have any sway in the decision.
We note that you have a search directory identifying solicitors on the Coventry BS conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Chafford Hundred?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chafford Hundred.
Various online forums that I have visited warn that are the main cause of obstruction in Chafford Hundred house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Chafford Hundred.
Just had an offer accepted on a new build apartment in Chafford Hundred. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chafford Hundred
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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. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I decided to have a survey completed on a property in Chafford Hundred prior to retaining solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may refuse to give a mortgage on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you contact us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Chafford Hundred. Conveyancing may be slightly more expensive based on your lender's requirements.
We are 14 days into a leasehold purchase having been referred to conveyancers by the estate agent to do our conveyancing in Chafford Hundred. I am am very dissatisfied with the level of service. Could you you assist me in finding new lawyers?
They would need to be very poor to suggest changing them. Has the mortgage offer been sent? In the event that it has you need to make them aware of the replacement solicitor and ensure the mortgage documents are issued to the new lawyers. The conveyancer should be on the lenders approved list to avoid escalating costs and complications. So that should be your starting point. Our search tool will help you find a lender approved lawyer for your home move in Chafford Hundred