I am not in a position to travel far from Maze Hill. Is there a reason why all Maze Hill conveyancing practitioners are not on all mortgage company panels?
Lenders ordinarily restrict either the type or volume of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that the firm needs to have at least two partners. As well as restricting the structure of firm, some banks made a decision to limit the number of organisations they use to represent them. It is worth noting that lenders have no responsibility for the quality of advice given by any Maze Hill conveyancing practitioner on their panel. Mortgage fraud was the primary trigger for the reduction of solicitor panels from 2008 even though there are differing assessments concerning whether solicitors sat at the center of that fraud. Statistics via the Land Registry exposes that thousands of conveyancing organisations only carry out less than three conveyances a year. Those vindicating conveyancing panel consolidation question why conveyancing firms should have claim to remain on a lender panel when it is evident that property law is not their speciality?
It is 10 years ago since I purchased my home in Maze Hill. Conveyancing solicitors have recently been retained on the sale but I am unable to locate the deeds. Is this a major issue?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by the lender or they may be in the possession of the lawyers who oversaw your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Maze Hill relates to registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
My lawyer in Maze Hill is not on the Birmingham Midshires Conveyancing Panel. Is it possible for me to continue with my family solicitor even though they are not on the Birmingham Midshires panel?
The limited options open to you here include:
- Complete the purchase with your preferred Maze Hill lawyers but Birmingham Midshires will need to instruct a lawyer on their panel. This will result in additional overall conveyancing fees as well as cause delays.
- Find an alternative practitioner to to deal with the purchase, remembering to check they are on the Birmingham Midshires panel
Due to the advice of my in-laws I had a survey completed on a property in Maze Hill before instructing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some mortgage companies tend not give a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. Should you wish to call us we can check via 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 Maze Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maze Hill to see if the conveyancing costs will increase in light of this.
Am I best advised to appoint a Maze Hill conveyancing lawyer in close proximity to the house I am purchasing? An old friend can handle the conveyancing however his firm is located approximately 350miles drive away.
The benefit of a local Maze Hill conveyancing practice is that you can pop in to sign documents, deliver your ID and apply pressure on them if necessary. Having local Maze Hill know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were impressed that must trump using an unknown Maze Hill conveyancing lawyer just because they are Maze Hill based.
Is it true that a Maze Hill conveyancing solicitor got sued by clients for not carrying out the right conveyancing investigations?
We are not aware of such a Maze Hill conveyancing matter but according to a recent report, clients acquiring a home elsewhere in England successfully won a case against their property lawyer due to development plans to construct a wind farm failing to be picked up in conveyancing searches.
Where you are purchasing in Maze Hill It is essential that your conveyancer conduct all Maze Hill conveyancing searches needed making sure that you have relevant and up to date information ahead of acquiring a property.