I can't travel far from Chessington. What is the rationale as to why all Chessington solicitors aren't included on all bank panels?
Lenders point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This led to lenders pruning a number of firms from their panel of approved solicitors .
Are you able to suggest a Coventry Building Society sanctioned Chessington conveyancing practice finish our home move within a very limited time frame? Would it be better to use a high street Chessington solicitor or a web based comparison site?
We can recommend some very good Chessington conveyancing firms. You can also walk up the main road in Chessington. Approach a couple of law practices and ask to speak with a conveyancing solicitor for a costs illustration. Explain your deadline together with your reasons and ask for a commitment on your deadline. Select the lawyer that appears most efficient.
It is a dozen years since I bought my home in Chessington. Conveyancing solicitors have just been instructed on the sale but I can't track down my deeds. Will this cause complications?
Don’t worry too much. Firstly there is a possibility that the deeds will be with the mortgage company or they could be in the possession of the lawyers who oversaw the purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers acquiring current official copies of the land registers. The vast majority of conveyancing in Chessington relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
What is the difference between a licensed conveyancer and conveyancing solicitor in Chessington
Two types of professional can carry out conveyancing in Chessington namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the disposal or acquisition of property. They are both duty bound to perform Chessington conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that the necessary steps should be correctly followed.
I'm the only beneficiary of my late grandmother’s will and I have everything in my name now, including the my former home in Chessington. The Chessington property was put into my name in May. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership may be considered the same way as if I'd bought the house in May. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Some lenders would take a practical view as this clause is chiefly there to pick up on subsales or the flipping of property.
After months of negotiation I have agreed a price on an apartment in Chessington. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £150. A couple of days later, the property lawyer called me to say that they were not on the RBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the RBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Me and my brother purchased a 4 bedroom Edwardian property in Chessington. Conveyancing solicitor represented me and Barclays . I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chessington and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who conducted the conveyancing.
Finally our conveyancing in Chessington completes next Friday, however the sellers I am buying off has asked to vacate 24 hours later at afternoon. Can I accept this?
You can't complete on a Saturday because the bank systems are not operational.