Am I correct in assuming that the fact that my solicitor in Upper Tean is not listed on my bank's solicitor panel that there is a problem with the quality of her work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly 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 top 5 reasons are as follows: (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 simply call the Upper Tean conveyancing firm and enquire why they are no longer on the approved list for your lender.
We wanted to use a property lawyer in Upper Tean for our house purchase. Our broker has since notified us that our mortgage lenders Britannia won't deal with them. Surely this is unfair competition?
Lenders tend to restrict either the category or the volume of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, some have decided to limit the number of solicitor practices they permit to represent them. You should note that Britannia have no responsibility for the quality of advice provided by any member of Britannia Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there remains mixed views concerning the extent of solicitor involvement in some of that fraud. Data from the Land Registry indicate that hundreds of law firms, including some in or near Upper Tean only perform very few conveyances a year.
The deeds to our property can not be found. The solicitors who did the conveyancing in Upper Tean 10 years ago have long since closed. What are my options?
Nowadays there are duplicates made of almost everything, and your conveyancer will know precisely where to look for all the relevant paperwork so you can purchase or sell your property without a hitch. If duplicates can’t be located, your lawyer can put in place insurance or indemnities against possible claims on your property.
Just had an offer accepted on a new build flat in Upper Tean. Conveyancing is daunting 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.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Upper Tean
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Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the guidance of my in-laws I had a survey completed on a property in Upper Tean before retaining solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks tend refuse to give a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Upper Tean. Conveyancing may be slightly more expensive based on your lender's requirements.
We are one month into a leasehold purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Upper Tean. We are not happy. Can you you assist me in finding new lawyers?
A solicitor would need to be really poor in order to consider diss instructing them. Has the mortgage offer been sent? If so you need to advise them of the replacement solicitor and get the mortgage documents are re-issued. Your conveyancer needs to be on the lenders panel to avoid escalating costs and frustration. That should be your starting point. Our search tool should assist you in finding a bank approved lawyer for your conveyancing in Upper Tean