My wife and I are purchasing a 1 bedroom apartment in Long Hanborough with a mortgage. We have a Long Hanborough conveyancer, however the mortgage company advise she’s not on their "panel". It appears that we have no choice but to instruct one of the lender panel firms or retain our Long Hanborough conveyancer as well as pay for one of their panel lawyers to act for them. We feel that this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose 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. Another option that might be available is for your Long Hanborough conveyancing solicitor to apply to be on the conveyancing panel.
Various web forums that I have visited warn that are the number one reason for stalling in Long Hanborough conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Long Hanborough.
I have a 4 bedroom Edwardian house in Long Hanborough. Conveyancing practitioner represented me and Aldermore. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the exact same 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Long Hanborough and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing solicitor who conducted the work.
Just had an offer accepted on a new build flat in Long Hanborough. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Long Hanborough
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Hoping to buy a property located in Long Hanborough and I am already nervous. I couldn't find anything specific about Long Hanborough. Conveyancing will be needed in due course but do you know about the Long Hanborough area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Long Hanborough. In the meantime here are some basic statistics that we found
We are one month into a leasehold purchase having been recommend to solicitors by the selling agent to execute conveyancing in Long Hanborough. I am not happy. Can you you assist me in finding new solicitors?
They would need to be really poor in order to consider replacing them. Has the loan offer been issued? If so you need to inform them of the new conveyancer and ensure the mortgage documents are re-issued. The solicitor ideally needs to be on the mortgage company panel to avoid escalating charges and frustration. So that should be your starting point. Our search tool will help you find a bank approved solicitor for your home move in Long Hanborough