Is the fact that my solicitor in Stanford Le Hope is not listed on my bank's solicitor panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed 76% 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. Should you be concerned you should contact the Stanford Le Hope conveyancing firm and enquire why they are no longer on the approved list for your lender.
I am mortgaging my property in Stanford Le Hope, does my lawyer have to be on the Clydesdale Solicitor panel?
In theory, you could use a solicitor that is not on the Clydesdale conveyancing panel, but Clydesdale would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I have todaybecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Stanford Le Hope for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is in your name, 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 Stanford Le Hope conveyancing specialists.
I opted to have a survey completed on a house in Stanford Le Hope prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders may not grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stanford Le Hope. Conveyancing will be smoother if you use a solicitor in Stanford Le Hope especially if they are accustomed to such properties in Stanford Le Hope.
I'm remortgaging my existing property to a buy to let loan with Norwich and Peterborough Building Society and intend to use the remaining equity towards another property. The location we are interested in is Stanford Le Hope. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Do use our search tool on this site to check that the solicitors are approved by both banks. On the basis that they are your conveyancer should be able to connect the two deals but you should have a chat with you solicitor and communicate your expectations and requirements.
I've recently bought a leasehold property in Stanford Le Hope. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Stanford Le Hope Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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How much is the annual service fee and ground rent? The prefered form of lease arrangement is where the freehold reversion is in the ownership of the leaseholders. In this scenario the leaseholders enjoy being in charge if their destiny and notwithstanding that a managing agent is often employed where the building is bigger than a house conversion, the managing agent is directed by the tenants. Does the lease have onerous restrictions?