I am expecting a offer of a home loan from Santander. I intend to employ the services of a Licensed Conveyancer in Seven Kings. Does the Santander Conveyancing panel exclude Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
What happens if my solicitor is expelled from the Co-operative Solicitor panel ahead of completing my conveyancing in Seven Kings?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a residence in Seven Kings?
Unless a prior purchase of the premises completed post 12 October 2013 you could assume that conveyancing practitioners delivering conveyancing in Seven Kings to remain encouraging a chancel search and or insurance against a claim.
I have been on the look out for a flat up to £245,000 and identified one round the corner in Seven Kings I like with a park and railway links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Seven Kings in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I need to instruct a conveyancing solicitor for purchase conveyancing in Seven Kings. I have land on a web site which seems to have the ideal offering If it is possible to get all the legals completed via web that would be ideal. Do I need to be wary? What should out be looking out for?
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?
Please set examples of compelling benefits to instructing a high street conveyancing practitioner in Seven Kings
Home movers in Seven Kings select a local property lawyer so that they can visit just in case they have concerns, and to execute paperwork without using the Royal Mail.
One could suggest that there exists a distinct edge when selecting a conveyancing practitioner local to the house you are buying, due to the knowledge of the locality and potential local issues - nevertheless this is debatable. The majority of conveyancers are now online and could be any place in the world.