Is the fact that my conveyancer in Harefield is not on my lender's conveyancing panel that there is a problem with the quality of his work?
That is most likely a wrong assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack 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. If you are concerned you should simply call the Harefield conveyancing practice and enquire why they are no longer on the approved list for your bank.
Do the conveyancing lawyers identified through your ’find a lawyer’ tool carry out right to buy conveyancing in Harefield?
We have identified a variety of conveyancing solicitors who can service right to buy conveyancing work You should call us to obtain a costs calculation.
How does conveyancing in Harefield differ for new build properties?
Most buyers of new build property in Harefield approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Harefield tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Harefield or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one close by in Harefield I like with amenity areas and station nearby, the downside is that it only has 49 years on the lease. There is not much else in Harefield for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I am purchasing a house mortgage free. My solicitor has been given with 2 distinct proof of photographic ID, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer acknowledging that the funds are legitimate and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Harefield conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering laws.