I am in the process of selling my apartment in Walton On Thames and the estate agent has just e-mailed to advise that the buyers are appointing a new solicitor. The excuse is that the bank will only deal with property lawyers on their conveyancing panel. On what basis would a big named lender only deal with specific law firms rather the firm that they want to appoint for their conveyancing in Walton On Thames ?
UK lenders have always had panels of law firms that can represent them, but in the last few years big names such as Lloyds Banking Group, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for more than 15 years.
Mortgage companies point to the increase in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to monitor. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.
Would the conveyancing lawyers that you recommend perform attended exchange conveyancing in Walton On Thames?
We do have a number of conveyancing experts carrying out attended exchanges. You should call us to obtain a costs illustration and details as to availability.
I have recentlybecome aware that Stirling Law have been shut down. They carried out my conveyancing in Walton On Thames for a purchase of a leasehold apartment 12 months ago. How can I establish that the property is not still registered in the name of the former proprietor?
The quickest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Walton On Thames conveyancing specialists.
About to purchase a new build flat in Walton On Thames. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Walton On Thames
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am downsizing from my home. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Walton On Thames if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Walton On Thames. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.