Is the fact that my conveyancer in Stockwood is not on my mortgage company's conveyancing panel that there is a problem with the standard of his work?
That would more than likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Stockwood conveyancing practice and ask them why they are no longer on the approved list for your bank.
We are expecting a mortgage offer soon. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would much rather appoint a Stockwood based conveyancing firm?
Do check but the the likelihood is that give you one of their panel solicitors should you take up the "fee-free" incentive. Call the bank and determine if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near Stockwood.
I am looking into buying my first house which is in Stockwood and I am already nervous. I couldn't find anything specific about Stockwood. Conveyancing will be needed in due course but do you know about the Stockwood area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stockwood. In the meantime here are some basic statistics that we found
Back In 2006, I bought a leasehold house in Stockwood. Conveyancing and Accord Mortgages Ltd mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Stockwood who previously acted has long since retired. Do I pay?
The first thing you should do is contact the Land Registry to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Stockwood conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Stockwood - Sample of Queries before buying
Its a good idea to discover as much as possible about the company managing the building as they will impact your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to every day issues like the tidiness of the common parts. Enquire of prospective neighbours what they think of their service. Finally, be sure you understand the dates that the maintenance charges are due to the managing agents and precisely how they are spending the funds. What is the the remaining lease term? How many of the leaseholders are in arrears for their service charge payments?
My mortgage broker has suggested using their lawyer for my conveyancing in Stockwood - Is it not simpler easier to just use them?
This is not necessarily the case and you are free to opt for whichever lawyer you prefer for your Stockwood home move. The lawyer recommended by an estate agent may not necessarily be the best solicitor, they may put forward their own conveyancing firm who are based far away. In this instance you may not have contact with your conveyancing practitioner and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.