It has come to my attention via my mortgage broker that my Caerwent the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be sure whether this is correct?
Your first step should be to call your Caerwent lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they may recommend you to a Caerwent conveyancing practice that is on the approved list of lawyers for your bank.
I had intended to instruct a property lawyer in Caerwent for our home move. Our financial adviser informed us that our mortgage company Britannia won't deal with them. Why is this not regarded as unfair competition?
A decade ago most mortgage companies had an appetite for risk which was higher than today. Almost all Caerwent conveyancing firms would have been on most lender panels. The financial services regulator in 2010 carried out a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, lenders have regularly sought more information from law firms concerning their operations and the individuals who work for them as well as set certain criteria such a completing on a minimum number of conveyancing. Many Caerwent conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Caerwent is amongst the numerous areas where the solicitors we list are are authorised to act for Britannia.
The deeds to our home are lost. The solicitors who conducted the conveyancing in Caerwent 10 years ago no longer exist. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your solicitor will be aware exactly where to locate all the suitable paperwork so you can purchase or dispose of your house without any difficulty. If copies are not available, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against possible claims on the premises.
Just had an offer accepted on a new build apartment in Caerwent. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Caerwent
Please confirm the Lease plans are architect prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
How simple is it to swap solicitor as I need to appoint one who is on the Chelsea Building Society conveyancing list. I had appointed a local conveyancing solicitor in Caerwent round the corner but she is not approved by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Caerwent on the Chelsea Building Society panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Caerwent. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Caerwent.