Is the fact that my conveyancer in Harold Wood is not on my mortgage company's solicitor panel that there is a problem with the standard of the firm’s work?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator revealed 76% 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 contact the Harold Wood conveyancing firm and ask them why they are no longer on the approved list for your bank.
My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Harold Wood. The house had a small mortgage left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
What can a local search inform me about the property I am buying in Harold Wood?
Harold Wood conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for instance Onsearch The local search is essential in every Harold Wood conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I'm purchasing a new build house in Harold Wood with a mortgage from Halifax. The builders refused to reduce the price so I negotiated 6k of additionals instead. The house builders rep advised me not inform my lawyer about this deal as it would adversely affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am planning to sell a parking space which is on a separate legal title at HMLR asking for 20,000 or so, to clear debts. There is a mortgage with Aldermore. Can you recommend an inexpensive lawyer as the conventional £500-600 diminishes the return somewhat. Although I live in Harold Wood I dont need to instruct a Harold Wood solicitor.
The purpose of this site is limited to being a directory service for conveyancers who want to be listed as being on the approved conveyancing panel for Aldermore in certain areas such as Harold Wood . We dont recommend any specific conveyancing practitioner.