Is the fact that my conveyancer in Farnborough is not listed on my bank's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the Farnborough conveyancing practice and ask them why they are no longer on the approved list for your bank.
My wife and I are buying a newly built duplex in Farnborough and my conveyancer is informing me that she is duty bound to the mortgage company to disclose incentives from the builder. The Estate Agents are hassling me to sign contracts and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been on the look out for a ground for flat up to £305k and found one near me in Farnborough I like with a park and station in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Farnborough suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
My husband and I are new to the buying process - had an offer accepted, yet the selling agent has warned us that the seller will only go ahead if we instruct their chosen solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Farnborough
It is highly unlikely the vendors are driving this. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and explain that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you intend to use your preferred Farnborough conveyancing lawyers - not the ones that will provide the estate agent a introducer fee or achieve conveyancing targets demanded by head office.
Is it necessary during the course of the conveyancing process to pop into the offices of the lender conveyancing panel solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Farnborough as it will be easier to attend their offices if required.
Whereas this was necessary 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Farnborough.