I am not in a position to travel far from Hatfield. I would like to know the reason why all Hatfield conveyancers are not on all lender panels?
Even though it may seem unfair for lenders to limit who can act for them, from the public’s or solicitor’s point of view, the flip side is that lending institutions are becoming ever more anxious and feel it crucial 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.
My Hatfield conveyancer has identified an inconsistency when comparing the information in the home valuation survey and what is in the legal papers for the property. My lawyer informs me that he must check that the bank is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My husband and I are hoping to buy a newly converted flat in Hatfield with a homeloan from Platform Home Loans Ltd.We have a Hatfield conveyancing solicitor but Platform Home Loans Ltd advised that her practice is not listed on their "panel". We have to appoint a Platform Home Loans Ltd panel solicitor or keep our local solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The home loan offered to you is subject to its terms and conditions, one of which will be that solicitors must be on the Platform Home Loans Ltd approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Platform Home Loans Ltd
What does a local search inform me concerning the house we're purchasing in Hatfield?
Hatfield conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search is essential in every Hatfield conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
I have a semi-detached Georgian house in Hatfield. Conveyancing lawyer acted for me and Alliance & Leicester . I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review 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 Hatfield and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who conducted the conveyancing.
What does commercial conveyancing in Hatfield cover?
Commercial conveyancing in Hatfield covers a broad range of services, supplied by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.