I can't travel far from Ketton. What is the rationale as to why all Ketton solicitors are not on all mortgage company panels?
Before the recession most mortgage companies displayed an attitude to risk which differs from the current day. The financial regulator in 2010 instigated a thematic review into fraud which concluded: know the lawyers on your panel. As a result, mortgage companies have since requiredmore information from law firms regarding their operations and the staff who work for them and set certain criteria such as completing a minimum number of transactions. Many firms have been removed from lender panels even though they had 100% healthy track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms found it impossible meet the criteria of amount of transactions the mortgage companies required.
My wife and I are approaching an exchange on a flat in Ketton and my parents have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has not come from me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
The conveyancer is duty bound to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Is there a reason why leasehold purchase conveyancing in Ketton is more expensive?
Ketton leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We are due to move property in April. Should my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you suggest a removal company in Ketton. Conveyancing solicitor was found before I stumbled across this website.
On the day of completion you can pick up the keys from the property agent however this should only happen after the previous owners lawyers advise the agent that the monies to complete are in and the keys can be given over. Subsequently you should tell the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can help you find a conveyancing in Ketton or a solicitor with expertise in conveyancing in Ketton.
We have agreed to purchase a house in Ketton. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?
As your lender is Lloyds your lawyer must check the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Lloyds where a lease fails to comply with these specifications. The provisions relate to the installation of panels on properties countrywide and is not limited to Ketton.
I am selling my flat. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Clydesdale are being problematic. The Ketton solicitor who is on the Clydesdale conveyancing panel is recommending indemnity insurance as a solution but Clydesdale are insisting on a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My brother has recommend that I instruct his conveyancers in Ketton. Do I follow his advice?
There are no two ways about it the ideal way to select a conveyancing practitioner is to have recommendations from friends or relatives who have previously instructed the solicitor you're are thinking of instructing.
My conveyancing in Ketton is completing next Friday, yet the vendors I am purchasing off wishes to vacate on the Saturday PM. Should I accept this?
Where you are having a mortgage then your solicitor will insist that the property isvacant on Friday - the lending institution will require it.