Are all Maldon Conveyancing Quality Solicitors on the RBS conveyancing panel?
Some major lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Maldon bank branch on various occasions and was told they are content with the situation and they would lend. My Maldon conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend based on their published requirements. Who do I believe?
The lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
My offer was accepted on a property in Maldon on 25/2/2019, valuation was booked 3 days later, received a clean bill of health. Solicitor instructed, so all that was missing was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Are TSB entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing a property and the conveyancer has referenced Chancel Repair to which the property may be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this really required for conveyancing in Maldon
Unless a prior acquisition of the premises completed after 12 October 2013 you can assume that lawyers delivering conveyancing in Maldon to remain encouraging a chancel search and or insurance against a claim.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Maldon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Maldon
Please confirm the Lease plans are architect prepared. 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. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Maldon is the location of the property. Can you shed any light on this issue?
Flying freeholds in Maldon are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maldon you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maldon may decide 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 premises.
Is it best to instruct a Maldon conveyancing practitioner who is local to the property I am buying? We have a good friend who can deal with the conveyancing however his firm is located approximately 350miles drive away.
The primary upside of using a high street Maldon conveyancing firm is that you can attend the office to sign documents, present your ID and pester them if necessary. Having local Maldon know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that must trump using an unknown Maldon conveyancing lawyer just because they are Maldon based.