Am I correct in assuming that the fact that my solicitor in Great Dunmow is not identified on my lender's solicitor panel that there is a problem with the standard of the firm’s work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. A recent 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) low volume 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 Great Dunmow conveyancing firm and enquire why they are no longer on the approved list for your bank.
We are approaching an exchange on a flat in Great Dunmow and my mum and dad have transferred the exchange deposit to my solicitor. I am now told that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your conveyancing practitioner is legally required to clarify with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Great Dunmow for a purchase of a freehold house 18 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Great Dunmow conveyancing specialists.
I have been advised by numerous selling agents in Great Dunmow to find a property lawyer using your seach tool. Is there a financial upside for Estate Agents to offer your lawyers rather than another?
We refuse to give any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Having had my offer accepted I require leasehold conveyancing in Great Dunmow. Before I get started I would like to find out the remaining lease term.
If the lease is registered - and most are in Great Dunmow - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Great Dunmow Conveyancing for Leasehold Flats - Examples of Queries before buying
Who is in charge of the block? The answer will be helpful as a) areas can cause problems for the block as the common areas may start to deteriorate where services are not paid for b) if the tenants have a dispute with the managing agents you will want to know about it It is important to be aware whether window replacement or some other significant cost is due in the near future to be shared by the leasehold owners and could well dramatically increase the the maintenance costs or require a one time payment.