Unfortunately I am unable to travel far from Hatfield. What is the rationale as to why all Hatfield conveyancers are not on all mortgage company panels?
As unjust as it may seem for lenders to restrict who can act for them, from the public’s or lawyer’s point of view, the flip side is that mortgage companies are becoming ever more anxious and consider it crucial to defend themselves from illegal activities. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
The Hatfield conveyancing firm handling our Hatfield conveyancing has uncovered a discrepancy when comparing the assumptions in the valuation survey and what is revealed within the conveyancing documents. My lawyer has advised that he is duty bound to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications 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 fiance and I are purchasing a 3 bedroom flat in Hatfield with a loan from Santander.We would like to retain our Hatfield conveyancing practitioner but Santander informed us she’s not listed on their "panel". we are left little option but to use a Santander panel lawyer or retain our local solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan issued to you contains terms and conditions, a common one being that lawyers must be on the Santander solicitor panel. Until recently, 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. A further alternative is for your lawyer to apply to be on the conveyancing panel for Santander
What will a local search tell me about the property we're buying in Hatfield?
Hatfield conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for instance Searches UK The local search plays a central role in many a Hatfield conveyancing purchase; that is if you don’t want any nasty surprises after you move into your property. The search will reveal 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 headings.
My wife and I have a terraced Georgian property in Hatfield. Conveyancing solicitor represented me and Yorkshire Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
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 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 lenders. You can also question the position with your conveyancing solicitor who completed the work.
What does commercial conveyancing in Hatfield cover?
Non domestic conveyancing in Hatfield incorporates a wide range of services, given by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, 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 loans and the termination of leases.