Is the fact that my conveyancer in Presteigne is not listed on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s work?
That would more than likely be a wrong assumption to make. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Presteigne conveyancing firm and enquire why they are no longer on the approved list for your bank.
I have been referred to a conveyancing solicitor in Presteigne. I I would like to check if they are on the Bank of Ireland approved list of lawyers. Can you help?
The first thing you should do is phone your solicitor and enquire if they can act for the lender. Otherwise you can get in touch with Bank of Ireland who may be able to confirm.
My aunt informed me that in purchasing a property in Presteigne there may be a number of restrictions limiting what one can do in terms of external changes to the property. Is this right?
We are aware of anumerous of properties in Presteigne which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Presteigne should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Presteigne. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that you are obtaining a mortgage with HSBC your lawyer must follow the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and solicitors are required to report to HSBC where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Presteigne.
After much negotiation I have agreed a price on an apartment in Presteigne. My mortgage broker suggested a solicitor. I paid an upfront payment of £175. Not long after, the solicitor contacted me to say that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when acquiring a house in Presteigne?
Unless a prior purchase of the house took place post 12 October 2013 you can expect conveyancing practitioners carrying out conveyancing in Presteigne to remain encouraging a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Presteigne is the location of the property. What do you suggest?
Flying freeholds in Presteigne are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Presteigne you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Presteigne may ascertain 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 premises.
What does commercial conveyancing in Presteigne cover?
Presteigne conveyancing for business premises covers a broad range of guidance, provided by qualified solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.