Am I correct in assuming that the fact that my conveyancer in Glenfield is not identified on my bank's conveyancing panel that there is a problem with the standard of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed 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. Should you be concerned you should simply call the Glenfield conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
A relative pointed out to me me that in purchasing a property in Glenfield there could be a number of restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in Glenfield which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Glenfield should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Yorkshire BS, do Glenfield property lawyers face a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
We had selected conveyancing lawyers based in Glenfield on the Barclays solicitor approved list. They are now charging me a further amount for handling the Barclays mortgage. Is this an additional conveyancing fee specified by Barclays?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer is entitled to levy a fee for this. The fee is not set by Barclays but by your Glenfield lawyer. Numerous firms on the Barclays panel will quote ’dealing with mortgage’ fee and others do not.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Glenfield?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Glenfield. 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…’
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Glenfield is the location of the property. What do you suggest?
Flying freeholds in Glenfield are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Glenfield you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Glenfield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I need to retain a conveyancing solicitor for residential conveyancing in Glenfield. I happened to discover a web site which appears to be the perfect answer If it is possible to get all formalities completed via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?