I am not well enough to travel far from Durrington. I would like to know the understand why all Durrington solicitors are not on all mortgage company panels?
Lenders point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The dismissal 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 lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in banks and building societies purging a number of firms from their panel of approved property lawyers .
How do I find out if the solicitor carrying out my conveyancing in Durrington is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Halifax thus spending £187.00 plus VAT in supplemental legal charges.
Feel free to make use of the search tool on this site. Pick the mortgage company and type ‘Durrington’ or your location and you will see a number of lawyer offices in Durrington or by proximity to you.
My partner and I are intent on selling our home in Durrington and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Durrington conveyancer would know this is not the case. For the life of me I don't know why the purchasers used a factory type conveyancing outfit rather than a conveyancing solicitor in Durrington. Having lived in Durrington for 5 years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Durrington differ for new build properties?
Most buyers of new build or newly converted property in Durrington come to us having been asked by the builder to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Durrington usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Durrington or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Durrington I like with open areas and transport links nearby, the downside is that it only has 51 years on the lease. There is not much else in Durrington suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I am using a search engine for the term cheap conveyancing in Durrington it brings up numerous property lawyerslocally. With so much choice what is the best way to find the suitable property lawyer for the sale of my house?
The best way of choosing a suitable conveyancer is through a personal referral, so ask colleagues and those you trust who have acquired a property in Durrington or a reputable estate agent or mortgage broker. Charges for conveyancing in Durrington differ, so it's sensible to secure at least four fee estimates from different property lawyers. Make sure that you clarify that the fees are fixed.