I can't travel far from Honiton. What is the rationale as to why all Honiton solicitors aren't included on all bank panels?
Banks highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in mortgage companies purging a number of firms off their panel of approved property lawyers .
Can the conveyancing lawyers identified via your search tool handle conveyancing in Honiton by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct 24hr exchanges. You should call us to secure a fee calculation and details as to dates.
The estate agent has sent us the confirmation of our purchase of a new build flat in Honiton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Honiton
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Due to the guidance of my in-laws I had a survey completed on a house in Honiton prior to instructing solicitors. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some lenders will refuse to grant a mortgage on such a house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Honiton. Conveyancing may be slightly more expensive based on your lender's requirements.
I have noted on numerous online forums that before selecting a conveyancing solicitors they need approved by your mortgage company. I am a FTB but I have an AIP via Nat West Bank and I already have a local conveyancing lawyer in Honiton on standby. Does Halifax insist on an approved conveyancer to be used? Does a list of panel conveyancers even exist so I can choose a conveyancing lawyer in Honiton?
You need to use a solicitor that is on the Halifax panel. The first thing to do is call your preferred Honiton conveyancing solicitor and ask if they are on the Halifax panel. If they are not on the panel you have numerous alternatives available to you here:
- Proceed with your existing Honiton solicitor but Halifax will need to use a property lawyer from their approved panel. This will result in additional fees together with probable delay.
- Get a new conveyancer to conduct the conveyancing, not forgetting to check that they are on the Halifax conveyancing panel.
- Convince your lawyer to attempt to join the bank panel.