I can't travel far from Epsom. What is the rationale as to why all Epsom lawyers aren't automatically on all bank panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or lawyer’s viewpoint, the flip side is that lenders are becoming ever more anxious and regard it vital to protect them from mortgage fraud. As a consequence of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
Can you explain why leasehold purchase conveyancing in Epsom is more expensive?
In short, leasehold conveyancing in Epsom and elsewhere usually involve more hours of investigation compared to freehold conveyancing. This includes lease investigation, liaising with the landlord concerning serving appropriate notices, obtaining current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
We are buying a house in Epsom. I might seem paranoid but how we can trust a lawyer? At some point we will need to deposit funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My father advised me that in buying a property in Epsom there could be various restrictions as to what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Epsom which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Epsom should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
About to purchase flat in Epsom. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Epsom conveyancer is on the HSBC conveyancing panel.
Are there restrictive covenants that are commonly picked up during conveyancing in Epsom?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Epsom. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
As co-executor for the estate of my grandfather I am disposing of a property in Cardiff but live in Epsom. My lawyer (approximately 260 miles awayhas requested that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing practitioner in Epsom to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Epsom based
We have chosen a Epsom conveyancing solicitor for our house purchase (FTB’s) and have picked up in the engagement letter that they are not regulated by the Financial Conduct Authority. Am I right to be worried or is that the norm with conveyancing practitioner?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who dictate stringent obligations regulating funds deposited by them.