I can't travel far from West Drayton. Please explain the reason why all West Drayton conveyancers are not on all bank panels?
Mortgage companies highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in mortgage companies culling a number of firms off their books of approved conveyancing practitioners .
My solicitor has discovered a a legal deficiency with the lease for the flat we are buying in West Drayton. The seller’s lawyers have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer says that he must be satisfied that the bank is willing to move forward with this solution. Are we the client or is the lender?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
Can I use your services to recommend a Conveyancing solicitor in West Drayton even if I’m not buying or selling a house, for example where I want to acquire an office in West Drayton with a loan from HSBC Bank?
Our comparison service is primarily used to select residential conveyancing solicitors in West Drayton but we have recorded at the end of this page a few West Drayton commercial conveyancing firms. You should enquire with the company directly to see if they are also authorised to represent HSBC Bank
I require quick conveyancing in West Drayton as I am under pressure to complete within one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
As you are not obtaining a mortgage you have the choice not to have searches conducted although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in West Drayton the following are examples of issues that can show up and therefore affect future saleability: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £305k and found one near me in West Drayton I like with a park and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in West Drayton suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
How easy is it to use the search app to locate a conveyancing practitioner in West Drayton on the authorised to act for my mortgage?
First pick a lender such as Yorkshire Building Society, The Royal Bank of Scotland or Godiva Mortgages Ltd then type in your preferred area e.g. West Drayton. Conveyancing firms in West Drayton and nationally should be shown.