I am one month into the sale of my apartment in Perton and the estate agent has just text me to warn that the buyers are changing their law firm. The excuse is that the lender will only work with property lawyers on their approved list. Why would a leading lender only deal with specific law firms rather the firm that they want to select to handle their conveyancing in Perton ?
UK lenders have always had panels of law firms that can act for them, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for many years.
Banks justify this action to a rise in fraud by way of justification for the reduction – criteria have been tightened as a smaller panel is easier to maintain. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any impact on this.
I am assisting my mother sell her house in Perton. Does the solicitor arrange the energy performance certificate or it is for the owner to see to?
After the abolition of HIPs, energy assessments was left as a required component of moving property. An energy performance certificate needs to be to hand in advance of the property being marketed. It is not a task that lawyers ordinarily organise. Where you are using a Perton conveyancing practitioner they might be able to arrange energy performance certificates given their relationships with long established local providers
I had a mortgage agreed in principle with Nationwide. Perton conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
There is no definitive answer here. Have Nationwide done the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am buying a property in Perton. A rare aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Nottingham your lawyer must comply with the formal requirements contained in Section 2 of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Nottingham where a lease fails to meet these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Perton.
I have justbeen informed that Arc property Solicitors have closed. They carried out my conveyancing in Perton for a purchase of a leasehold flat 9 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Perton conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Perton. 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 conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Perton
-
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. There must be mutual enforceability of lessee’s covenants.
I need to appoint a conveyancing solicitor for sale conveyancing in Perton. I happened to land on a web site which appears to be the perfect offering If it is possible to get all formalities done via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am buying a garden maisonette in Perton. Conveyancing lawyer has been waiting for, from the vendor, building insurance schedule. I was told today I was advised that the seller needs to forward the insurance paperwork for the flat above as well. Why does my lawyer need to review the insurance for the other flat? Is it really necessary? We have been stalled for the previous month…
It is not impossible in leasehold conveyancing in Perton to discover Conveyancing in Perton in a minority of cases reveals that the lease obliges the leasehold owners to insure their individual flats rather than the freeholder insuring the complete building - which is clearly better. Do clarify with your property lawyer but it would seem that your conveyancing practitioner is attempting to establish that the complete building is insured. Insuring your flat is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt due to lack of insurance.