Do lenders provide you with an approved list of Chelmsford conveyancing solicitors? How do you know who is on the Santander conveyancing panel?
Chelmsford conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
My fiance and I intend to purchase a 1 bedroom flat in Chelmsford with a mortgage from Accord Mortgages Ltd.We use our Chelmsford conveyancing lawyer but Accord Mortgages Ltd informed us her practice is not on their "panel". It seems we are left with little choice but to instruct a Accord Mortgages Ltd panel solicitor or keep our preferred solicitor and pay for a Accord Mortgages Ltd panel lawyer to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage issued to you contains various provisions, one of which will be that lawyers will be on the Accord Mortgages Ltd approved list. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could find 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Accord Mortgages Ltd
Is it necessary to pay for insurance to cover chancel repairs when acquiring a house in Chelmsford?
Unless a prior acquisition of the house completed after 12 October 2013 you can expect solicitors carrying out conveyancing in Chelmsford to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly identified as part of conveyancing in Chelmsford?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Chelmsford. 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…’
I have been on the look out for a ground for flat up to £235,500 and found one near me in Chelmsford I like with open areas and transport links nearby, however it only has 52 remaining years left on the lease. There is not much else in Chelmsford for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years may be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
Do I need to be concerned that brokers that I am dealing with are recommending a web based conveyancing firm as opposed to a High Street Chelmsford conveyancing firm?
As with many service providers, often recommendations from connections can be worth their weight in gold. Yet there are numerous people with a keen interest in a conveyancing matter; estate agents, mortgage brokers and lenders may recommend solicitors to use. On occasion the solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You have the discretion to appoint your own conveyancer. However, bear in mind that some lenders operate an approved list of lawyers you have to use for the lender related work in your conveyancing.