I can't travel far from East Dean. What is the rationale as to why all East Dean property lawyers aren't automatically on all lender panels?
Lenders point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The removal 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 conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This led to mortgage companies culling less reputable firms from their panel of approved property lawyers .
It is 10 years ago since I acquired my home in East Dean. Conveyancing lawyers have now been retained on the sale but I am unable to locate my title documents. Will this cause complications?
You need not be too concerned. First there is a chance that the deeds will be retained by the lender or they could be in the possession of the conveyancers who oversaw the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Nearly all conveyancing in East Dean relates to registered property but in the rare situation where your home is not registered it is more of a problem but is resolvable.
After reviewing mumsnet.com for an online solicitor in East Dean, most post that I should use a CQS accredited lawyer. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * compliance with prudent and efficient conveyancing procedures through the scheme protocol Membership covers many firms who conduct conveyancing in East Dean.
I am downsizing from our house in East Dean and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the buyers used a nationwide conveyancing outfit as opposed to a conveyancing solicitor in East Dean. Having lived in East Dean for six years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing lawyer already. What do they say? You should 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 ailment)
I have been on the look out for a ground for flat up to £305k and found one round the corner in East Dean I like with amenity areas and railway links nearby, however it's only got 51 years on the lease. There is not much else in East Dean suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I have been pointed in your direction by a number of estate agents in East Dean to find a conveyancer using your seach tool. Is there a financial incentive for Estate Agents to market your lawyers over and above alternative conveyancing organisations?
We refuse to give any commission for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.