I can't travel far from Hampden Pk. Is there a reason why all Hampden Pk conveyancers are not on all lender panels?
A decade ago most lenders exhibited an approach to risk which differs from the current day. The financial regulator in 2010 carried out a thematic review into mortgage fraud which in summary warned lenders: know the solicitors on your panel. Accordingly, mortgage companies have since looked to extract more data from law firms about their processes and the individuals employed by them and set certain criteria such as completing a minimum amount of transactions. Hundreds of law practices have found themselves excluded from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to meet the criteria of volume of transactions the mortgage companies insisted on.
My house in Hampden Pk is up for sale and I have a buyer. Does the solicitor have to be required to be on the Santander conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Just had an offer accepted on a new build flat in Hampden Pk. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Hampden Pk
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I have been recommended by numerous property agents in Hampden Pk to locate a conveyancer on your site. What’s the financial advantage for Estate Agents to offer your site rather than alternative conveyancing organisations?
We don’t offer any commission for directing people to this site. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
We're FTB’s - had an offer accepted, but the selling agent advised that the seller will only move forward if we instruct their chosen conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Hampden Pk
We suspect that the owner is not behind this demand. If they require ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your preferred Hampden Pk conveyancing firm - not the ones that will earn their estate agent a introducer fee or meet his conveyancing figures demanded by head office.
My conveyancing in Hampden Pk is set to complete on Friday, but the owners I am buying from wishes to move out the next day at PM. Should I agree to such a idea?
It is not possible to complete on a Saturday due to the bank systems are not working.