I am not in a position to travel far from Chatteris. I would like to know the reason why all Chatteris conveyancers are not on all bank panels?
Banks ordinarily impose restrictions on either the type or the number of conveyancing practices on their approved list of lawyers. Frequent examples of such restriction(s) being that the practice is required to have at least two partners. In addition to restricting the type of firm, some banks made a decision to restrict the number of firms they permit to act for them. You should note that mortgage companies have no accountability for the accuracy of service supplied by any Chatteris property lawyer on their panel. Mortgage fraud was the key driver in the rationalisation of conveyancing panels a few years ago even though there are differing assessments about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry exposes that thousands of law firms only conduct one or two conveyances annually. Those vindicating conveyancing panel consolidation question why conveyancing firms deserve claim to remain on a bank panel when clearly property law is not their primary expertise?
I have given 2 months notice to my current landlord and must vacate my rented flat in Chatteris by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 4 weeks as I wish to avoid having to find short term accommodation?
Generally one should not give notice on a rental until your lawyer suggests that you should. Assuming that you have not already done so, speak to your lawyer and ask them to they cajole the other solicitors, try to an agreed time frame that all parties will look to achieve
I am buying a flat and require a conveyancing solicitor in Chatteris who is on the The Mortgage Works conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Mortgage Works in certain locations such as Chatteris. We dont recommend any particular firm.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a two bedroom flat in Chatteris. Do I collect the keys to the house on completion from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Chatteris?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the seller's solicitors, and shortly after the monies have arrived, you should be called to pick up the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
Last month we had a mortgage agreed in principle with Leeds Building Society. Chatteris conveyancing solicitors were instructed. How long does it take for Leeds Building Society to send the offer to the solicitor?
There is no definitive answer here. Have Leeds Building Society completed the survey? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not fathom if my bank requires a lease extension. I have called into my local Chatteris building society branch on various occasions and was told they are content with the situation and they will lend. My Chatteris conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancer must comply with the CML Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
What does commercial conveyancing in Chatteris cover?
Chatteris conveyancing for business premises covers a broad array of advice, offered by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.