I am one month into the sale of my house in Edith Weston and the EA has just e-mailed to say that the purchasers are switching solicitor. I am told that this is due to the fact that the mortgage company will only engage with property lawyers on their conveyancing panel. Why would a big named mortgage company only engage with certain solicitors rather the firm that they want to appoint for their conveyancing in Edith Weston ?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Yorkshire Building Society, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Lending institutions point to the increase in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
As someone with no idea as to the Edith Weston conveyancing process what is the number one tip you can give me for the legal transfer of property in Edith Weston
Not many law firms or advisers will tell you this but conveyancing in Edith Weston and elsewhere in Rutland is often a confrontational experience. In other words, when it comes to conveyancing there exists an abundance of opportunity for friction between you and others involved in the ownership transfer. For example, the seller, estate agent and sometimes the mortgage company. Appointing a law firm for your conveyancing in Edith Weston is a critical decision as your conveyancer is your adviser, and is the ONLY party in the process whose interest is to protect your best interests and to keep you safe.
We are witnessing a distinct emergence of a "blame" culture- someone has to be blamed for the process being so protracted. You should always trust your solicitor above all other parties in the conveyancing process.
We are purchasing a house and the conveyancer has raised the issue of Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. He has suggested insurance. Is this strictly necessary for conveyancing in Edith Weston
Unless a previous acquisition of the house completed post 12 October 2013 you can assume that lawyers conducting conveyancing in Edith Weston to continue to advocate a chancel search and or chancel repair liability policy.
The deeds to our home are lost. The conveyancers who conducted the conveyancing in Edith Weston 5 years ago no longer exist. What do I do?
As long as you have a registered title the details of your proprietorship will be recorded by the Land Registry under a Title Number. It is easy to execute a search at the Land Registry, find your house and get current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will also normally retain a certified copy of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Edith Weston is where the house is located. Can you offer any opinion?
Flying freeholds in Edith Weston are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Edith Weston you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edith Weston may decide 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 premises.
I am looking into buying my first house which is in Edith Weston and I am already nervous. I couldn't find anything specific about Edith Weston. Conveyancing will be needed in due course but do you know about the Edith Weston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Edith Weston. In the meantime here are some basic statistics that we found