Unfortunately I am unable to travel far from Coombe. Is there a reason why all Coombe conveyancing practitioners aren't included on all lender panels?
Pre- 2008 most banks demonstrated an approach to risk which is different than today. The financial regulator in 2010 conducted a thematic review into mortgage fraud which in summary warned lenders: know the conveyancing practitioners on your panel. Accordingly, mortgage companies have since soughtmore information from law firms regarding their operations and the staff employed by them and set certain criteria such as completing a minimum amount of transactions. Hundreds of firms have found themselves removed from lender panels even though they had 100% healthy disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to satisfy the minimum volume of transactions the lenders set.
Are there restrictive covenants that are commonly picked up during conveyancing in Coombe?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Coombe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a house in Coombe in advance of appointing lawyers. I have been told that there is a flying freehold element to the house. The surveyor advised that some mortgage companies may not give a loan on such a property.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Coombe. Conveyancing may be slightly more expensive based on your lender's requirements.
I am four weeks into a freehold purchase having been referred to solicitors by the high street agent to perform conveyancing in Coombe. I am am extremely disappointed with the level of service. Could you help me find new solicitors?
A solicitor would need to be really poor in order to consider replacing them. Has your loan offer been sent? In the event that it has you need to make them aware of the new contact details and have the loan are re-issued. Your new solicitor ideally should be on the mortgage company approved list to avoid supplemental expenses and complications. So that should be your first question of the new conveyancers. Our search tool will assist you in finding a bank approved conveyancer for your home move in Coombe
Been looking for a lawyer for freehold sale conveyancing in Coombe. I'm selling, uncomplicated no mortgage to pay off, no rush, currently vacant. Got a quote from a solicitor for £900 excluding VAT which is a little expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Coombe?
As it’s a sale only, £450 + VAT is likely to be about the lowest for a Coombe solicitor firm.