I do hope you can help me. My Buckden lawyer is informing me me that she is duty bound toconduct Buckden conveyancing searches resulting from the fact thatthe firm are on the HSBCapproved lawyer panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. As you are taking a mortgage with a mortgage company your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Buckden conveyancing searches.
I decided to have a survey completed on a property in Buckden ahead of appointing solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders will not give a mortgage on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Buckden. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been sourcing a conveyancing lawyer in Buckden for my home move. Is it possible to review a solicitor's record with the legal regulator?
One can read published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor call for training reasons.
I am in need of some leasehold conveyancing in Buckden. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Buckden - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Buckden Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
Be sure to find out if there is anything that is prohibited in the lease. For instance plenty of leases prohibit pets being allowed in certain buildings in Buckden. If you like the flatin Buckden but your dog is not allowed to make the move with you then you will be presented with a hard choice. Is there a share of the freehold? For most Buckden leaseholds the cost for major works are not wrapped into the maintenance charges, albeit that there some managing agents in Buckden require leaseholders to pay into a sinking fund created for the specific intention of building a fund for larger works.
My husband and I have just had an offer agreed on a house and had meeting on Wednesday with Nationwide for the mortgage. They advised me that when it comes to appointing a property lawyer that unless they are on their approved list of conveyancing practitioners then we will incur an additional fee of £250+. This is because they would then have to instruct a property lawyer to act for them in addition to the one we choose to act for ourselves and we will be on the hook for their fees. I have asked Nationwide to furnish me with a list so I can obtain quotes only from their approved conveyancers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
Ask Nationwide what their panel criteria is for a conveyancer.Then ask the conveyancing practitioner of your choice whether they fit that criteria and have they acted on loans for Nationwide historically. If the answer to those is yes, then just double check with Nationwide. Another option is to utilise our search tool and we should be able to identify a lawyer in Buckden on the approved list for Nationwide.