I can't travel far from Fawley. What is the rationale as to why all Fawley solicitors aren't automatically on all mortgage company panels?
Before the recession most mortgage companies demonstrated an approach to risk which is different than today. The Financial Services Authority in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the property lawyers on your panel. As a result, banks have subsequently looked to extract more information from law firms about their operations and the staff who work for them and set certain criteria such as completing a minimum volume of transactions. Hundreds of firms have been excluded from lender panels even though they had an exemplary disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the minimum volume of transactions the lenders insisted on.
My conveyancer has identified a a problem with the lease for the property we are purchasing in Fawley. The other side have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our lawyer says that he must ensure that the mortgage company is happy with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the bank are the client. The appropriate lender conditions have to be complied with.
We are planning to acquire a flat and need a conveyancing solicitor in Fawley who is on the Nottingham approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Fawley.
Taking into account that I will soon part with hundreds of thousands of pounds on 3 bedroom house in Fawley I wish to talk to a lawyer concerning thehome move before giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your property ownership legalities in Fawley.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The law firms that we put you in touch with believe that the figure you are quoted for your conveyancing in Fawley should be the figure that you end up paying.
All being well we will complete the disposal of our £425,000 maisonette in Fawley next Tuesday. The management company has quoted £384 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Fawley?
Fawley conveyancing on leasehold maisonettes nine out of ten times involves administration charges invoiced by management companies :
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Addressing pre-exchange questions
Where consent is required before sale in Fawley
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Fawley Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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What restrictions exist in the Fawley Lease? Is there a share of the freehold? How long is the Lease?
The mortgage agreement from a bank for the remortgage of my 2 bedroom maisonette is to be issued any day now. Can you suggest a cheap remortgage conveyancing lawyer in Fawley ?
This site is not designed to help in pursuit of the cheapest conveyancing in Fawley. We can offer you cost effective conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing companies offering £99 conveyancing in Fawley.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for additional fee and still not get the service required.