Unfortunately I am unable to travel far from Cudham. Is there a reason why all Cudham conveyancers are not on all lender panels?
Mortgage companies highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This led to lenders purging less reputable firms from their books of approved conveyancing practitioners .
It is 10 years ago since I acquired my property in Cudham. Conveyancing lawyers have recently been retained on the sale but I am unable to find my title deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a chance that the deeds will be kept by your lender or they could be in the possession of the lawyers who oversaw the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Cudham relates to registered property but in the rare situation where your home is unregistered it is more tricky but is resolvable.
My colleague suggested that if I am buying in Cudham I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Cudham conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Cudham around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Cudham Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Cudham Education with maps and statistics, Local Amenities and other useful information concerning Cudham.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Cudham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Cudham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cudham you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cudham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is there anything unique about your site and alternative online quote calculators for conveyancing in Cudham?
At this site secure an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Cudham. As opposed to estate agents and brokerage sites we do not have commission deals with solicitors. Many agents and online brokers 'recommend' solicitors who pay the most commission, rather than the best value conveyancing in Cudham
Our solicitor in Cudham has discovered a a legal deficiency with the lease for the apartment we are purchasing in Cudham. The seller’s lawyers have offered title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that as he is on the lender conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the lender does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Cudham conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. The appropriate lender requirements must be adhered to by the lender conveyancing panel who has to balance acting for you and the bank