I am getting a mortgage offer from Santander. I intend to use a Licensed Conveyancer in Old Woking. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are buying a 3 bedroom apartment in Old Woking with a residential mortgage from TSB.We use our Old Woking conveyancing lawyer but TSB says she’s not on their "panel". we are left little option but to use a TSB panel firm or retain our preferred solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that TSB use our lawyer?
No, not really. The mortgage offered to you contains terms and conditions, a common one being that lawyers needs to be on the TSB approved list. Until recently, most banks had large numbers of solicitors 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for TSB
The estate agent has sent us the confirmation of our purchase of a new build apartment in Old Woking. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Old Woking
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Old Woking is the location of the property. Can you shed any light on this issue?
Flying freeholds in Old Woking are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Old Woking you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Old Woking may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is it possible to switch firm as I have to find one who is on the Barnsley Building Society conveyancing panel. I was using a family conveyancing solicitor in Old Woking five minutes from me but she is not approved by Barnsley Building Society
We will our best to assist in finding you a conveyancing solicitor in Old Woking on the Barnsley Building Society panel. Please note that the law firms that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Old Woking. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Old Woking.
I have been sourcing a conveyancing practitioner in Old Woking for my remortgage. Is there any facility to review a firm’s record with the legal regulator?
Members of the public can find documented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training reasons.