Unfortunately I am unable to travel far from Colindale. What is the rationale as to why all Colindale conveyancers aren't automatically on all mortgage company panels?
Banks tend to impose restrictions on either the type or volume of conveyancing solicitors on their panel. Frequent examples of such restriction(s) being that a firm must have at least two partners. In addition to restricting the structure of firm, some have made a decision to reduce the size of their panel they use to represent them. It is worth noting that banks have no accountability for the accuracy of advice supplied by any Colindale lawyer on their panel. Increases in mortgage fraud was a key driver in the culling of conveyancing panels a few years ago notwithstanding that there are conflicting thoughts about whether solicitors sat at the center of that fraud. Data from HMLR exposes that thousands of law practices only conduct a couple of conveyances a year. Those advocating conveyancing panel culls ask why conveyancing firms should have claim to be listed on a bank panel when it is apparent that conveyancing is not their speciality?
All was ready to move into my new home in Colindale next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the lender. What does the insurance need to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not specific to conveyancing in Colindale.
We're in Colindale, FTBs buying with a mortgage (lender is Clydesdale , and our solicitor is on the Clydesdale conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Clydesdale conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
The deeds to my home are lost. The conveyancers who dealt with the conveyancing in Colindale 4 years ago have long since closed. What do I do?
Assuming the title is registered the details of your proprietorship will be retained by HMLR under a Title Number. It is possible to carry out a search at the Land Registry, identify your property and secure up to date copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be obtained for a small fee.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Colindale. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Colindale
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.