I can't travel far from Southam. I would like to know the logic why all Southam property lawyers aren't automatically on all lender panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which kicked off a major policy change in the sector. This resulted in lenders purging less reputable firms off their official list of approved lawyers .
Having sold my house in Southam last February yet the purchaser is telephoning daily to moan that her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your sale your solicitor is duty bound to forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. Depending on the transaction, your lawyer must also evidence that the mortgage has been repaid to the buyers conveyancers. There is unlikely to be post completion formalities unique to conveyancing in Southam.
Just had an offer accepted on a new build apartment in Southam. Conveyancing is daunting 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Southam
Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Hoping to buy a property located in Southam and I am already nervous. I couldn't find anything specific about Southam. Conveyancing will be needed in due course but do you know about the Southam area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Southam. In the meantime here are some basic statistics that we found
We are in the midst of a leasehold sale of a flat in Southam. Conveyancing solicitors are doing their job but we are being charged a fortune from the managing agents. So far we have paid £250 for a leasehold management pack and then another £200 plus VAT for supplemental questions raised by the purchaser's conveyancer.
Your solicitor will not have any control over the extent of the bill for this information however the typical costs for the information for Southam leasehold premises is £360. When it comes to Southam conveyancing transactions it is customary for the vendor to cover the costs. The freeholder or their agents are under no legal obligation to answer such questions most will be content to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Regretfully there is no statute that requires fixed fees for administrative tasks. Nor is there any statutory time frame by which they are required to supply the information.