We wanted to use a property lawyer in High Wycombe for our house purchase. Our financial adviser has since advised us that our mortgage company Accord Mortgages Ltd won't deal with them. Surely this is unduly restrictive?
Before the recession most banks had a different appetite for risk. Almost all High Wycombe conveyancing firms would have been on many mortgage company panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more data from law firms about their operations and their employees and set certain criteria such a completing on a minimum volume of conveyancing. Many High Wycombe conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. High Wycombe is amongst the many areas where the lawyers showing on our search results are are approved Accord Mortgages Ltd.
My friend recommended that if I am buying in High Wycombe I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard High Wycombe conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about High Wycombe around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding High Wycombe.
Just bought a detached house in High Wycombe , how long should it take for the Land Registry to deal with the formalities evidencing my proprietorship? My High Wycombe conveyancing solicitor works at snail pace, so I want to be certain the registration is concluded.
There is nothing unique about conveyancing in High Wycombe registration formalities. Rather than based on location, timescales can differ according to the party submitting the application, whether there are errors and if the Land registry need to notify any third persons or bodies. Currently roughly 80% of such applications are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration takes place after the new owner has moved in to the property so registration formalities is not usually primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.
Due to the advice of my in-laws I had a survey completed on a property in High Wycombe prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you contact us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in High Wycombe. Conveyancing will be smoother if you use a solicitor in High Wycombe especially if they are accustomed to such properties in High Wycombe.
I was pointed in your direction by two or three local property agents in High Wycombe to select a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to recommend your lawyers over a competitor’s?
We refuse to give any financial incentive for sending work our way. We thought it would be too underhand to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I am a couple of weeks into a freehold purchase having been recommend to solicitors by the high street agent to do our conveyancing in High Wycombe. I am am starting to be dissatisfied with the level of service. Could you help me find new conveyancers?
They would have to be really poor to suggest diss instructing them. Has your mortgage offer been generated? In the event that it has you must advise them of the new contact details and get the offer are re-sent. Your new conveyancer needs to be on the mortgage company panel to avoid added fees and complications. That should be your starting point. Our find a solicitor tool should assist you in finding a lender approved lawyer for your home move in High Wycombe