Am I correct in assuming that the fact that my solicitor in Sedbergh is not listed on my bank's conveyancing panel that there is a problem with the quality of her work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume 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. If you are concerned you should contact the Sedbergh conveyancing firm and ask them why they are no longer on the approved list for your bank.
Please help. My Sedbergh solicitor is advising me that he is legally obliged toconduct Sedbergh conveyancing searches asthe firm are on the Lloydsconveyancing panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a bank your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Sedbergh conveyancing searches.
Are there restrictive covenants that are commonly identified during conveyancing in Sedbergh?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Sedbergh. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £235,500 and found one near me in Sedbergh I like with open areas and transport links in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Sedbergh in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I'm remortgaging my current property to a buy to let loan with Coventry Building Society and I will use the ballance of the raised equity as a deposit on further house. The neighborhood we are looking at is Sedbergh. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our comparison tool on this site to ensure that the lawyers are on the relevant lender panels. On the basis that they are the conveyancer will be able to connect the two conveyancing matters but you should talk with you solicitor and specify your desired outcome and requirements.
I see that you have a search directory listing firms on the bank conveyancing panel. Do Sedbergh conveyancing companies pay you a referral fee if I retain them for my own conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Sedbergh.