Am I correct in assuming that the fact that my conveyancer in Radcliffe is not on my bank's solicitor panel that there is a problem with the quality of his work?
That would more than likely be an incorrect assumption to make. There are plenty of reasonable 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 most common reasons for removal are: (1) lack of transactions (2) the lawyer 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 contact the Radcliffe conveyancing practice and enquire why they are no longer on the approved list for your lender.
My solicitor has identified a defect with the lease for the property we are buying in Radcliffe. The seller’s lawyers have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer says that he must check that the bank is happy with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions must be adhered to.
I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Radcliffe for a purchase of a leasehold flat 10 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The quickest way to see if the property is registered to you, 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 Radcliffe conveyancing specialists.
How does conveyancing in Radcliffe differ for newly converted properties?
Most buyers of new build residence in Radcliffe approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because developers in Radcliffe tend to buy the real estate, 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 used to new build conveyancing in Radcliffe or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Radcliffe is where the house is located. Can you shed any light on this issue?
Flying freeholds in Radcliffe are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Radcliffe you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radcliffe 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 residence.
I am looking into buying my first house which is in Radcliffe and I am already nervous. I couldn't find anything specific about Radcliffe. Conveyancing will be needed in due course but do you know about the Radcliffe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Radcliffe. In the meantime here are some basic statistics that we found