Am I correct in assuming that the fact that my solicitor in Stilton is not listed on my mortgage company's conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a 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) lack of transactions (2) the solicitor 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 simply call the Stilton conveyancing practice and enquire why they are no longer on the approved list for your bank.
My wife and I are buying a apartment in Stilton. It might be a silly question but how we can trust a lawyer? At some point we have to send our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Does a directory service exist listing Aldermore panel solicitors in Stilton on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. Very few mortgage companies make their panel listings available on the web. Where you are looking for a Stilton property lawyer on the Aldermore please make the most of our tool.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Stilton conveyancer on the Bank of Ireland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
A relative advised me that where I am buying in Stilton I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Stilton conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Stilton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Stilton Education with maps and statistics, Local Amenities and other useful information concerning Stilton.
I am looking to sell my property. My past lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Stilton if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Stilton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I am tempted by the attractive purchase price for a couple of apartments in Stilton which have approximately 50 years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Stilton. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more costly to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.
Stilton Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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Does the lease include onerous restrictions? You will want to find out as much as you can concerning the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters like the upkeep of the common parts. Ask prospective neighbours whether they are happy with their service. On a final note, be sure you understand the dates that you are obliged pay the service charge to the managing agents and precisely what it includes. Who manages the block?
I am purchasing a flat and cash is in place. I have provided solicitor with two separate proof of photo identification, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not selling fake watches.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Stilton conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.