Is the fact that my solicitor in Hockley Heath is not listed on my mortgage company's conveyancing panel that there is a problem with the quality of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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 Hockley Heath conveyancing practice and enquire why they are no longer on the approved list for your bank.
Is there a reason why leasehold purchase conveyancing in Hockley Heath is more expensive?
The conveyancing charges on a leasehold premises in Hockley Heath is frequently higher when contrasted to a freehold property. This is because there is an amount of extra work required in communicating with the freeholder and managing agents to collate the information about whether the rent and maintenance charges have been paid and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.
Various internet forums that I have come across warn that are the main cause of hinderance in Hockley Heath house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Hockley Heath.
Me and my brother have a semi-detached Edwardian property in Hockley Heath. Conveyancing solicitor acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same property. Is it worth asking Accord Mortgages Ltd to clarify?
You should 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 Hockley Heath and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing practitioner who conducted the purchase.
Due to the encouragement of my in-laws I had a survey completed on a property in Hockley Heath ahead of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not give a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Hockley Heath. Conveyancing will be smoother if you use a solicitor in Hockley Heath especially if they are familiar with such properties in Hockley Heath.