I can't travel far from Hatfield. Is there a reason why all Hatfield property lawyers are not on all bank panels?
Pre- 2008 most mortgage companies displayed an approach to risk which is different than today. The Financial Services Authority in 2010 carried out a thematic review into property fraud which concluded: know the property lawyers on your panel. Consequently, banks have since requiredmore data from law firms regarding their operations and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of firms have been removed 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 amount of transactions the lenders insisted on.
We have rather pushy vendors who has insisted on a exclusivity contract with a deposit 6,000. Are such agreements generally advanced for Hatfield conveyancing transactions?
Exclusivity contracts are agreements binding a property seller and purchaser giving the buyer a ‘clear field’ to the sale of the property for a set period of time. For all intents and purposes, a lock out is a document stating that you should have a contract at a later time being the main conveyancing contract. It is generally used for buyer assurance though in some cases, the vendor may enjoy an upside from such agreements as well. There are many positives and negatives to having them but you should to check with your solicitor but beware that it may result in incurring extra in conveyancing charges. In light of this these agreements are avoided when it comes to conveyancing in Hatfield.
I am purchasing a right to buy a flat in Hatfield. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Hatfield you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Hatfield.
I have recentlybeen informed that Action Conveyancing have been shut down. They conducted my conveyancing in Hatfield for a purchase of a leasehold apartment 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hatfield conveyancing specialists.
I'm buying a new build house in Hatfield with a mortgage from Norwich and Peterborough Building Society. The developers refused to move on the price so I negotiated £7000 of extras instead. The property agent advised me not to tell my lawyer about this extras as it may impact my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my grandmother I am selling a house in Cardiff but live in Hatfield. My conveyancer (based 235 miles awayrequires that I sign a statutory declaration before completion. Can you recommend a conveyancing solicitor in Hatfield to attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Hatfield based