Much to our surprise we have been advised by our mortgage adviser that my Blandford Forum the law firm I have appointed is not on the mortgage company Conveyancing panel. What can I do to be sure whether this is correct?
The sensible course of action for you to take is to contact your Blandford Forum conveyancer. It is reasonable to expect your lawyer to advise you of the situation. Where they are not on the panel they may recommend you to a Blandford Forum conveyancing firm that is on the approved list of lawyers for your mortgage company.
What does my ID and proof of funds have anything to do with my conveyancing in Blandford Forum? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing business. The Terms of Engagement that you need to sign will no doubt confirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to supply ID verification documents, your lawyer would not be able to act for you.
My fiance and I wish to acquire a newbuild flat in Blandford Forum with a mortgage from Accord Mortgages Ltd.We would like to retain our Blandford Forum conveyancing lawyer but Accord Mortgages Ltd advised that his firm is not listed on their "panel". We have to appoint a Accord Mortgages Ltd panel firm or retain our high street solicitor and pay for a Accord Mortgages Ltd panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Accord Mortgages Ltd use our lawyer?
Unfortunately,no. The loan issued to you is subject to its various provisions, a common one being that conveyancers needs to be on the Accord Mortgages Ltd approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Accord Mortgages Ltd
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Blandford Forum is where the house is located. Can you shed any light on this issue?
Flying freeholds in Blandford Forum are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Blandford Forum you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Blandford Forum may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How can the Landlord & Tenant Act 1954 affect my business property in Blandford Forum and how can you help?
The 1954 Act gives a safeguard to commercial lessees, granting the right to apply to court for a renewal tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Blandford Forum