I plan on buying an apartment in Leatherhead. My lawyer has never been on on the mortgage company conveyancing panel. Am I still permitted to continue with my Leatherhead conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
You will need to instruct a lawyer to complete the formalities if you require a mortgage to buy your property. They will carry out all the necessary legal checks on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage documentation is in order. One can select a Leatherhead conveyancing practitioner of your choice. Nevertheless, where the solicitor appointed is not a member of the mortgage company approved list further costs will be incurred as separate legal representation will be required by them. Bank panel applications may be submitted, so if your conveyancer has not in the past sought membership they should take the chance to apply.
We wanted to use a conveyancing solicitor in Leatherhead for our house purchase. Our financial adviser informed us that our bank Santander won't deal with them. Why is this not regarded as unduly restrictive?
Before the recession most lenders had an appetite for risk which was higher than today. Almost all Leatherhead conveyancing firms would have been on many lender panels. The Financial Services Authority in 2010 conducted a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms about their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum volume of transactions. Many Leatherhead conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Leatherhead is amongst the thousands of areas where the lawyers we recommend are are approved Santander.
We are selling our property in Leatherhead and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Leatherhead conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers instructed a factory type conveyancing firm as opposed to a conveyancing solicitor in Leatherhead. Having lived in Leatherhead for 4 years we know that this is a non issue. Should we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I used Stirling Law a few years past for my conveyancing in Leatherhead. Now, I need my files but cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Leatherhead of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
My company is planning to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Leatherhead for below £1,200?
We can recommend firms who host a wealth of experience of commercial conveyancing in Leatherhead, including the disposal and acquisition of businesses as well as simply premises. If you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. Regarding the fees this will depend on the structure and complexity of the deal. Please provide us with your contact information or phone us so that we can provide you with comprehensive commercial conveyancing calculation.
I am tempted by the attractive purchase price for a couple of maisonettes in Leatherhead which have in the region of 50 years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Leatherhead. The lease is a right to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease deteriorates and it becomes more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
Leatherhead Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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The prefered form of lease structure is a share of the freehold. In this situation the lessees have being in charge if their destiny and although a managing agent is frequently employed if it is larger than a house conversion, the managing agent employed by the leaseholders. The answer will be important as a) areas may result in problems in the block as the common areas may start to deteriorate where repairs remain unpaid b) if the tenants have an issue with the managing agents you will need to have all the details Be sure to discover if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being permitted in in a block in Leatherhead. If you like the propertyin Leatherhead yet your dog is not allowed to make the move with you then you have a very difficult determination.