Is the fact that my solicitor in Datchet is not identified on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Datchet conveyancing firm and ask them why they are no longer on the approved list for your lender.
My house in Datchet is up for sale and I have accepted an offer. Will the property lawyer need to be required to be on the Nottingham conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Nottingham conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
Should our lawyer be asking questions regarding flooding as part of the conveyancing in Datchet.
Flooding is a growing risk for lawyers carrying out conveyancing in Datchet. Some people will acquire a house in Datchet, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to impart advice on flood risk, however there are a various checks that can be carried out by the buyer or by their lawyers which should figure out the risks in Datchet. The conventional set of completed inquiry forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual question of the seller to discover whether the property has ever been flooded. If the premises has been flooded in past which is not notified by the owner, then a purchaser could bring a legal claim for losses resulting from an inaccurate reply. A buyer’s solicitors may also commission an environmental report. This should reveal if there is any known flood risk. If so, further inquiries should be made.
I own a renovated Georgian property in Datchet. Conveyancing lawyer represented me and Barclays . I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Datchet and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing solicitor who conducted the purchase.
I'm converting the mortgage on my existing house to a BTL mortgage with Aldermore and intend to use the remaining equity as a down payment on a second house. The location we are talking about is Datchet. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are on the relevant lender panels. On the basis that they are your solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and specify your expectations and needs.
I pay a maintenance fee for my flat in Datchet. As a result of personal circumstances I slipped into arrears with remittance. I negotiated a clearance schedule but there remains about £3000 outstanding as of today.
I now wish to dispose of the property and I am panicking this can hold me back if I have to settle the amount due now. I'd like to sell up and subsequently repay the arrears from the completion monies - is this achievable?
The property lawyer handing your Datchet sale should be able to negotiate with the management company, and agree with them whether or not they would accept payment out of the completion monies. Here is indicative of why it might be good to appoint a property lawyer in Datchet as they are likely to have an established relationship with the management company.