My wife and I are planning to buy a house in Walderslade and are in fact using a Walderslade conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Barclays have this afternoon contacted us to inform me that they have now hit a problem as our Walderslade lawyer is not on their conveyancing panel. Please explain?
When purchasing a property with the benefit of a mortgage it is normal for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Walderslade solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.
Are there restrictive covenants that are commonly identified as part of conveyancing in Walderslade?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Walderslade. 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…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. Walderslade is the location of the property. Can you offer any guidance?
Flying freeholds in Walderslade are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Walderslade you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walderslade may determine 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 property.
I am selling my home. My past solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Walderslade if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Walderslade. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
In surfing the world wide web for the words conveyancing in Walderslade it brings up many solicitorsin the area. With so much choice what is the best way to find the suitable property lawyer for my move?
The preferential method of finding a suitable conveyancer is through a trusted recommendation, so ask friends and relatives who have acquired a property in Walderslade or a local estate agent or mortgage broker. Charges for conveyancing in Walderslade vary, so it's a good idea to obtain at least four fee calculations from different solicitors. Make sure that you know what costs in the quote includes.