My husband and I are looking to acquire a house in Waddington and have instructed a Waddington conveyancing firm. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with a view to exchanging next week. Godiva Mortgages Ltd have this evening contacted us to advise us that there is now an issue as our Waddington lawyer is not on their conveyancing panel. Is this a problem?
Where you are buying a property needing a mortgage it is usual for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Waddington solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.
Me and my partner are purchasing a flat in Waddington. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to send money into their account. What is the protection we have from them run away with our deposit?
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.
Is there a list of Kent Reliance panel solicitors in Waddington on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lending institutions make their panel listings visible over the internet. If you are looking for a Waddington property lawyer on the Kent Reliance please use our facility.
We expect to receive a AIP from Lloyds this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Lloyds recommend any Waddington solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Waddington solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
I require fast conveyancing in Waddington as I am faced with pressure to exchange contracts in less than 2 weeks. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Waddington the following are instances of issues that can show up and adversely impact future saleability: Enforcement Notices, Overdue Fees, Outstanding Grants, Unadopted Roads,...
My wife and I purchased a 4 bedroom Georgian house in Waddington. Conveyancing solicitor represented me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching property. Is it worth asking Chelsea Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Waddington and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who conducted the conveyancing.
In what way can the Landlord & Tenant Act 1954 affect my commercial offices in Waddington and how can you help?
The particular law that you refer to affords a safeguard to business lessees, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Waddington
I bought a flat in Waddington last 22/3/2024 and to date it is still not registered with HM Land Registry. It was part of a development site and my solicitor told me that it may take 12 months to complete the registration formalities. I have contacted HMLR directly and they say that the original application was cancelled due to questions not being addressed in time. Do I need to be concerned?
Call your property lawyer - if you are not getting sensible responses, find out about their internal complaints procedure and amplify your problem to a Complaints Manager. Registrations for Waddington conveyancing are not known to be particularly slow.