We wanted to use a property lawyer in Motspur Park for our house move. Our financial adviser has since notified us that our bank Halifax won't deal with them. Why is this not regarded as unduly restrictive?
Before the recession most mortgage companies had an appetite for risk which was higher than today. Almost all Motspur Park conveyancing firms would have been on most bank panels. The financial services regulator in 2010 completed a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms relating to their operations and their employees and establishing certain criteria such a completing on a minimum number of transactions. Many Motspur Park 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. Motspur Park is amongst the numerous locations where the solicitors we recommend are are approved Halifax.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Motspur Park. Do I pick up the keys to the premises on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Motspur Park?
On the day of completion you do not need to go to the conveyancers office in Motspur Park. Conveyancing lawyers for you will arrange to send the purchase money to the vendor’s conveyancers, and once they have received this, you will be invited to pick up the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
We are buying a victorian detached house in Motspur Park. The intention is to carry out an extension to the side at the house.Will the conveyancing process involve checks to see if these alterations were previously refused?
Your conveyancer will review the deeds as conveyancing in Motspur Park can sometimes reveal restrictions in the title deeds which prohibit certain alterations or require the consent of another owner. Some works call for local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
Are all Motspur Park Conveyancing Quality Solicitors on the Santander conveyancing panel?
A selection of banks and building societies now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
A relative recommended that if I am buying in Motspur Park I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Motspur Park conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Motspur Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Motspur Park Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Motspur Park.
I used Stirling Law a few years past for my conveyancing in Motspur Park. Now, I need the documents but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Motspur Park of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Motspur Park differ for new build properties?
Most buyers of new build property in Motspur Park come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Motspur Park tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Motspur Park or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Motspur Park ahead of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend not give a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Motspur Park. Conveyancing may be slightly more expensive based on your lender's requirements.