Is the fact that my solicitor in Woking is not identified on my bank's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed 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 contact the Woking conveyancing firm and enquire why they are no longer on the approved list for your lender.
Should lawyers ask for an advanced payment when it comes to conveyancing in Woking?
If you are buying a property in Woking your lawyer will request that you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the purchase price then this should be needed immediately ahead of contracts are exchanged. Any further balance that is due will be payable a couple of days ahead of the completion date.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to use a Woking based conveyancing firm?
You should check but the the probability is that appoint one of their panel conveyancers if you want the "fee-free" offer. Contact the mortgage company and determine if they offer you a monetary alternative. In the past a few lenders offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Woking.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial land in Woking?
Its becoming the norm that commercial conveyancing solicitors in Woking will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Woking. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Woking.
For every commercial conveyancing transaction in Woking it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Woking commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Woking.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Woking I like with a park and railway links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Woking for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
How difficult is it to transfer to a new firm as I have to retain a firm on the Halifax conveyancing list. I hired a family conveyancing solicitor in Woking five minutes from me but she is not accepted by Halifax
We will our best to assist in finding you a conveyancing solicitor in Woking on the Halifax panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Woking. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Woking.