I am not in a position to travel far from Fenstanton. Is there a reason why all Fenstanton property lawyers are not on all lender panels?
Banks highlight the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in mortgage companies purging a number of firms from their official list of approved conveyancing practitioners .
As someone not used to the Fenstanton conveyancing process what is your top tip you can impart for the ownership transfer in Fenstanton
Not many law firms or advisers will tell you this but conveyancing in Fenstanton and elsewhere in Cambridgeshire is often a confrontational process. Put another way, when it comes to conveyancing there is lots of room for conflict between you and other parties involved in the transaction. For example, the seller, selling agent and even potentially your mortgage company. Appointing a lawyer for your conveyancing in Fenstanton an important selection as your conveyancer is your adviser, and is the ONLY party in the transaction whose role it is to look after your best interests and to keep you safe.
On occasion a third party with a vested interest will try and persuade you that it is in your interests to do things their way. For instance, the selling agent may claim to be helping by suggesting your lawyer is slow. Or your financial adviser may tell you to do something that is contrary to your conveyancers advice. You should always trust your lawyer above all other parties in the home moving process.
My relative advised me that where I am buying in Fenstanton I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Fenstanton conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Fenstanton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Fenstanton.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fenstanton. 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Fenstanton
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am 3 weeks into a leasehold purchase having been recommend to a firm by the high street agent to handle our conveyancing in Fenstanton. I am am starting to be disappointed with the level of service. Could you help me find new solicitors?
They would have to be very poor in order to consider changing them. Has the mortgage offer been sent? In the event that it has you must make them aware of the replacement solicitor and have the loan are re-sent. Your solicitor ideally should be on the lenders approved list to avoid added expenses and delays. That should be your starting point. Our find a solicitor tool can assist you in finding a bank approved lawyer for your conveyancing in Fenstanton