Is the fact that my solicitor in Finningley is not identified on my mortgage company's solicitor panel that there is a problem with the quality of her work?
That is most likely a wrong assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should contact the Finningley conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
The vendors of the home we are hoping to buy have instructed a conveyancing solicitor in Finningley who has insisted on a exclusivity agreement with a non-refundable deposit 6,000. Are such contracts recommended for Finningley conveyancing transactions?
This kind of agreement is unusual in Finningley, conveyancers are often found to veer clients away from them as they detract from the primary focus, namely conveyancing and if you end up losing your deposit then the lawyer at best left with an upset client and at worst a litigious one. Secondly, there is no certainty that just because the proprietor has signed a lock out agreement they will sell to you. They may breach the agreement if they are offered a big enough offer to do so because an aggrieved buyer with the benefit of a exclusivitycontract will still have to establish consequential losses from the breach and these may not compare to the financial benefit that your vendor may gain by breaching the agreement, no matter how morally shameful that may be.
My wife and I have a terraced Victorian house in Finningley. Conveyancing solicitor represented me and TSB. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the exact same address. Is it worth asking TSB to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Finningley and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing lawyer who conducted the work.
How does conveyancing in Finningley differ for new build properties?
Most buyers of new build premises in Finningley approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Finningley tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Finningley or who has acted in the same development.
I decided to have a survey completed on a house in Finningley in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders tend refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Finningley. Conveyancing will be smoother if you use a solicitor in Finningley especially if they are acquainted with such properties in Finningley.
We have today had an offer accepted on our first house in Finningley, and are now looking to get solicitors appointed. I have utilised the different comparison based websites and the fee estimates are from all across the the UK. Is it important to have a Finningley conveyancer local to our potential house? We are content to do everything over email, but I am thinking at some point we may be required to attend the conveyancing practitioner's office to sign papers?
There is no need to physically visit the office of your lawyer, they can post any relevant documents to you, which you can sign and return. Many buyers and sellers prefer to instruct a locally based solicitor, but it's by no means a prerequisite for conveyancing in Finningley.