I am nearing exchange of contracts for my home in Shenley Church End and the EA has just e-mailed to advise that the buyers are appointing a new law firm. The reason given is that the bank will only deal with property lawyers on their conveyancing panel. On what basis would a major lender only deal with specific solicitors rather the firm that they want to choose for their conveyancing in Shenley Church End ?
Lenders have always had panels of law firms they are willing to work with, but in recent years big names such as Nationwide, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for over 25 years.
Banks point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms 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. Your buyers are not going to have any sway in the decision.
I am looking to buy a flat and require a conveyancing solicitor in Shenley Church End who is on the Norwich and Peterborough Building Society conveyancing. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Shenley Church End. We dont recommend any particular firm.
Are there restrictive covenants that are commonly picked up during conveyancing in Shenley Church End?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Shenley Church End. 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…’
The estate agent has sent us the confirmation of our purchase of a new build flat in Shenley Church End. Conveyancing is necessary evil 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.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Shenley Church End
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There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
How do I search for a Shenley Church End law firm on the Nottingham Building Society conveyancing panel? I have a car and am prepared to travel upto 25miles to meet the lawyer.
Feel free to make use of the facility on this page. Please choose the bank and your location and you will see a number of Shenley Church End conveyancing lawyers located nearest you. We have detailed some Shenley Church End conveyancing firms at the bottom of this page and you can ring them to verify whether they are on the Nottingham Building Society panel
My husband and I are FTB’s - agreed a price, yet the agent told us that the seller will only go ahead if we appoint the agent's recommended lawyers as they are insisting on a ‘quick sale’. We would rather use a local solicitor who is accustomed to conveyancing in Shenley Church End
We suspect that the seller is unaware of this requirement. If they want ‘a quick sale', turning down a serious purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you are going to instruct your own,trusted Shenley Church End conveyancing solicitors - not the ones that will give their negotiator at the agency a introducer fee or hit his conveyancing figures pre-set by head office.