My wife and I are purchasing a 1 bedroom flat in Henlow with a mortgage. We like our Henlow lawyer, but the mortgage company advise he's not on their "panel". It seems we have no option but to use one of the mortgage company panel firms or keep our Henlow conveyancer and pay for one of their panel lawyers to represent them. This seems very unfair; are we not able to require that the lender use our Henlow solicitor ?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Henlow conveyancing solicitor to apply to be on the conveyancing panel.
We are a couple about to sign contracts for a garden flat in Henlow. We encountered a problem. Our mortgage offer with Birmingham Midshires expires on 21/1/2021 but the sellers are insisting on a completion date of 25/1/2021. Is it possible to extend the mortgage expiry date?
The person best placed to deal with your issue is your solicitors who will hopefully determine whether they should be discussing with the mortgage broker, owner’s conveyancers, selling agents or indeed all three taking into account what has happend in your house move as of today.
Various web forums that I have visited warn that are the number one reason for stalling in Henlow house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Henlow.
I have todaybecome aware that Arc property Solicitors have been shut down. They conducted my conveyancing in Henlow for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The easiest method to check 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 Henlow conveyancing specialists.
We expect to complete the sale of our £325,000 flat in Henlow on Tuesday in a week. The freeholder has quoted £420 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Henlow?
Henlow conveyancing on leasehold flats normally involves administration charges raised by freeholders :
Addressing pre-contract enquiries
Where consent is required before sale in Henlow
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Henlow - A selection of Questions you should ask before Purchasing
What prohibitions are there in the Henlow Lease? You will want to find out as much as possible regarding the company managing the block as they will either make your living at the property much easier or uncomfortable. As the owner of a leasehold property you are frequently in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the tidiness of the communal areas. Ask other people what they think of them. On a final note, investigate as to the dates that you are obliged pay the service charge to the managing agents and specifically what you get for your money.