Please explain the implications if my lawyer’s firm is removed from the HSBC Solicitor panel ahead of completing my conveyancing in Castle Eden?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Are there restrictive covenants that are commonly identified as part of conveyancing in Castle Eden?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Castle Eden. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey done on a house in Castle Eden prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend refuse to grant a mortgage on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Castle Eden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Castle Eden to see if the conveyancing will be more expensive.
I'm converting the mortgage on my primary home to a buy to let mortgage with The Royal Bank of Scotland and I will use the ballance of the raised equity towards another property. The neighborhood we are interested in is Castle Eden. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this page to be sure that the conveyancers are approved by both banks. Assuming that they are the conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make clear your desired outcome and requirements.
My husband and I are FTB’s - agreed a price, yet the selling agent advised that the owners will only proceed if we instruct their recommended lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Castle Eden
It is improbable the vendors are driving this. If they desire ‘a quick sale', taking such a hostile approach to a motivated buyer is going to damage their objectives. Try to communicate with the owners directly and explain that (a)you are keen to buy (b)you are ready to go, with finances in place © you are unencumbered (d) you wish to move quickly (e)however you intend to use your own,trusted Castle Eden conveyancing solicitors - as opposed tothose that will give the negotiator at the agency a introducer fee or hit his conveyancing figures demanded by corporate headquarters.