I am selling my home in Ferring and the EA has just telephoned to advise that the purchasers are appointing a new conveyancer. The excuse is that the mortgage company will only deal with property lawyers on their conveyancing panel. On what basis would a major lender only engage with certain lawyers rather the firm that they want to select for their conveyancing in Ferring ?
Banks have always had an approved set of law firms they are willing to work with, but in recent years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Lenders attribute this action to a rise in fraud as the reason for the pruning – criteria have been tightened as a smaller panel is easier to monitor. Banks tend not to reveal 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 not going to have any sway in the decision.
Would the conveyancing lawyers that you recommend carry out right to buy conveyancing in Ferring?
We work with plenty of conveyancing solicitors carrying out right to buy transactions You should get in touch with us to secure a costs illustration.
My lender has suggested a law firm on their panel based in Ferring but I would rather instruct a conveyancing lawyer in Ferring round the corner to me. Are you able to assist?
Far from all Ferring conveyancing solicitors are listed all banks conveyancing panel. Use the above search tool to identify a Ferring conveyancing conveyancer on the on the bank panel.
A colleague informed me that in buying a property in Ferring there may be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are a number of properties in Ferring which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Ferring should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am selling my apartment. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Clydesdale are being a right pain. The Ferring solicitor who is on the Clydesdale conveyancing panel is saying indemnity insurance will be fine but Clydesdale are insisting on a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Bank of Ireland have agreed my home loan in principle, my bid on a flat in Ferring has been accepted, what are the next steps?
Your estate agent will want to be informed of your conveyancing practitioner's details (ensure that the conveyancing practitioners are on the bank’s panel). Telephone Bank of Ireland or your financial adviser and finish off any appropriate forms. Bank of Ireland will instruct a valuer who will get in touch with the selling agent or seller to arrange an appointment. Once carried out (assuming no problems) it takes approximately a week to receive the mortgage offer. Bank of Ireland will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Ferring.
About to purchase a new build apartment in Ferring. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Ferring
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Ferring is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ferring are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ferring you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ferring may ascertain 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 residence.