My fiance and I are planning to buy a house in Chafford Hundred and are in fact using a Chafford Hundred conveyancing firm. Within the last couple of days our solicitor has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Alliance & Leicester have this morning contacted us to advise us that they have now hit a problem as our Chafford Hundred conveyancer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the bank's conveyancing panel as you are at liberty to use your preferred Chafford Hundred lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another lawyer into the mix.
Me and my partner are about to complete buying a house in Chafford Hundred but as a result of wreckage from the recent storms I have was able negotiate compensation from the current proprietors in the sum of £2k by way of a adjustment in the price. I had intended this to be addressed as part of a side agreement but Barclays are not allowing this. Should they have been informed?
Any solicitor being on a Barclays conveyancing panel is duty bound to advise Barclays of any changes to the sale price. If you were to refuse your conveyancer to notify the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new lawyer for your conveyancing in Chafford Hundred.
The estate agent has sent us the confirmation of our purchase of a new build flat in Chafford Hundred. Conveyancing is daunting 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 questions that you may expect your new-build leasehold conveyancing in Chafford Hundred
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There must be mutual enforceability of lessee’s covenants. 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. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared.
Due to the advice of my in-laws I had a survey completed on a property in Chafford Hundred in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chafford Hundred. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my current house to a BTL loan with National Westminster Bank and intend to use the remaining equity as a deposit on another property. The neighborhood we are interested in is Chafford Hundred. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our search tool on this page to check that the lawyers are approved by both banks. Assuming that they are the conveyancer will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and make apparent your desired outcome and requirements.
My brother has encouraged me to use his lawyers for conveyancing in Chafford Hundred. Should I find my own conveyancer?
No doubt the best way to select a conveyancing solicitor is to have recommendations from friends or relatives who have actually experience in using the firm you're contemplating using.