Unfortunately I am unable to travel far from Forest Hall. Can you please clarify why all Forest Hall property lawyers are not on all lender panels?
Banks normally impose restrictions on either the type or the number of conveyancing firms on their approved list of lawyers. A common example of such criteria being that the firm must have two or more partners. In addition to restricting the structure of firm, some building societies decided to reduce the number of organisations they use to act for them. It is worth noting that mortgage companies have no liability for the standard of conveyancing provided by any Forest Hall lawyer on their approved list. Increases in mortgage fraud was the main trigger for the culling of solicitor panels from 2008 notwithstanding that there are conflicting points of view about the extent of solicitor involvement in some of that fraud. Data published by the Land Registry exposes that thousands of conveyancing organisations only transact less than three conveyances a year. Those advocating conveyancing panel culls ask why law firms should have the right to be on a lender panel when it is evident that property law is not their speciality?
Is there a reason why leasehold purchase conveyancing in Forest Hall costs more?
Forest Hall leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Are the BSA intent on creating a search tool with a view to to identify practices on the Darlington Building Society conveyancing panel for example in Forest Hall?
We would not expect to be advised of any intention on the part of the BSA to develop such a register.
I am buying a house and the solicitor has raised the issue of Chancel Repair to which the house may be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this really warranted for conveyancing in Forest Hall
Unless a prior purchase of the premises completed post 12 October 2013 you may assume that conveyancing practitioners conducting conveyancing in Forest Hall to continue to advocate a chancel search and or insurance against a claim.
It has been five months since my purchase conveyancing in Forest Hall concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.