Unfortunately I am unable to travel far from Hurst Green. Is there a reason why all Hurst Green property lawyers aren't automatically on all mortgage company panels?
Mortgage Companies ordinarily impose restrictions on either the type or volume of conveyancing solicitors on their panel. A common example of such criteria being that the practice is required to have two or more partners. In addition to restricting the structure of firm, some banks decided to restrict the number of firms they use to represent them. You should note that banks have no liability for the quality of service given by any Hurst Green lawyer on their approved list. Increases in mortgage fraud was the primary trigger for the culling of solicitor panels a few years ago even though there are conflicting views concerning the extent of solicitor involvement in some of that fraud. Data published by the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel pruning ask why law firms deserve any entitlement to remain on a bank panel when it is evident that conveyancing is not their speciality?
When will exchange of contracts occur in purchase conveyancing in Hurst Green and do I need to attend the lawyers office?
If you are local to one of the conveyancing solicitors in Hurst Green you are invited in to sign documents. However, the lender approved solicitors we recommend provide countrywide coverage for conveyancing and give just as diligent and professional a job for you when dealing with you by post or email. The signing of the purchase agreement is not when everything is set in stone. A signed contract is just a prerequisite for the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Hurst Green)to be in the office available at the end of the phone to exchange contracts.
My relative suggested that if I am buying in Hurst Green I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Hurst Green conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Hurst Green around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Hurst Green.
Are there restrictive covenants that are commonly picked up during conveyancing in Hurst Green?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hurst Green. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What does commercial conveyancing in Hurst Green cover?
Hurst Green conveyancing for business premises incorporates a wide array of guidance, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.