What is the optimum way to check that the solicitor handling my conveyancing in South Hackney is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £175.00 in additional legal costs.
You should make the most of the search tool on this page. Pick the mortgage company and type ‘South Hackney’ or your preferred area and you will discover numerous solicitors offices in South Hackney or nearest you.
My wife and I are purchasing a property in South Hackney. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to send money into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local South Hackney building society branch on numerous occasions and was told they are content with the situation and they will lend. My South Hackney conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I simply don't know who is right.
Provided that the conveyancing practitioner is on the mortgage company panel, they must comply with the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 left on the lease.
I am due to exchange contracts on my apartment. I had a double glazing fitted in February 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Yorkshire BS are being a right pain. The South Hackney solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are insisting on a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly picked up as part of conveyancing in South Hackney?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in South Hackney. 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…’
I opted to have a survey carried out on a house in South Hackney prior to instructing conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks may not grant a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Hackney. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Hackney to see if the conveyancing costs will increase in light of this.
My father has encouraged me to use his conveyancing solicitors in South Hackney. Do I follow his guidance?
No doubt the ideal way to select a conveyancing solicitor is to get referrals from friends or relatives who have used the solicitor you're considering.