Please help. My Maulden solicitor is informing me me that she is duty bound toconduct Maulden conveyancing searches becausethe firm are on the Santanderconveyancing panel. These Maulden searches cost a lot of money can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a home loan with a bank your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Maulden conveyancing searches.
Why is leasehold purchase conveyancing in Maulden costs more?
In short, leasehold conveyancing in Maulden and elsewhere usually requires additional hours of investigation compared to freehold transactions. This includes reviewing the lease, communicating with the landlord about the service of required notices, securing current service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
Due to the advice of my in-laws I had a survey completed on a house in Maulden before instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some mortgage companies will refuse to issue a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Maulden. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be wary that brokers that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a High Street Maulden conveyancing firm?
As is the case with many professional services, often recommendations from family and friends can be worth their weight in gold. Nevertheless there are numerous people with a keen interest in a conveyancing transaction; estate agents, financial adviser and lenders may suggest solicitors to select. On occasion the lawyers might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are at liberty to choose your preferred conveyancer. However, bear in mind that the majority of banks specify a panel list of conveyancers you have to use for the mortgage aspect of your house move.
My wife and I have chosen a Maulden conveyancing solicitor for our home move (first time buyers) and have spotted in the Ts and Cs that they are not governed by the FCA. Need I be concerned or is that usually the case with conveyancer?
We can't see why they should be. Most lawyer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who dictate strict stipulations regulating funds deposited in their bank.