I am nearing exchange of contracts for my house in Chantry and the estate agent has just called to say that the purchasers are appointing a new law firm. The reason given is that the bank will only work with property lawyers on their approved list. Why would a big named lender only deal with certain law firms rather the firm that they want to appoint for their conveyancing in Chantry ?
Mortgage companies have always had panels of law firms that can act for them, but in the past few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Banks blame a rise in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to maintain. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any impact on this.
I purchased a freehold house in Chantry but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Chantry and has limited impact for conveyancing in Chantry but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I bought my flat on 5 October and the transaction details is not yet registered. Any reason for this? My conveyancing solicitor in Chantry advises it would be formalised inside ten days. Are properties in Chantry uniquely lengthy to register?
There is nothing unique about conveyancing in Chantry registration formalities. Rather than based on location, timescales can differ depending on who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd persons or bodies. Currently in the region of three quarters of such applications are fully dealt with in less than three weeks but occasionally there can be longer delays. Registration is effected after the buyer has moved in to the property thus post completion formalities is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
I am selling my property. My past solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Chantry if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Chantry. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
In my capacity as executor for the estate of my aunt I am selling a property in Newport but reside in Chantry. My solicitor (based 260 kilometers awayrequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Chantry to attest and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are based in Chantry