I am not in a position to travel far from Hartburn. What is the rationale as to why all Hartburn property lawyers are not on all lender panels?
Banks highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in mortgage companies culling less reputable firms from their panel of approved property lawyers .
My wife and I have a semi-detached Edwardian house in Hartburn. Conveyancing practitioner acted for me and Halifax. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hartburn and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing solicitor who conducted the purchase.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Hartburn is the location of the property. What do you suggest?
Flying freeholds in Hartburn 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 Hartburn you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hartburn 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 property.
I have been recommended by a few selling agents in Hartburn to find a solicitor using your seach tool. What’s the financial inducement for Estate Agents to recommend your services ahead of another?
We refuse to make any referral fee for pointing buyers and sellers in our direction. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
In scouring the web for the phrase on line conveyancing in Hartburn it brings up many property lawyerslocally. With so much choice what is the best way to find the suitable conveyancer for my move?
The ideal method of seeking a suitable conveyancer is through a trusted referral, so ask friends and relatives who have bought a property in Hartburn or a reputable estate agent or mortgage broker. Costs for conveyancing in Hartburn differ, so it's advisable to secure a minimum of three costs illustrations from varying types of solicitors. Make sure that you know what costs in the quote includes.