My fiance and I are hoping to purchase a house in Hockley Heath and are in fact using a Hockley Heath conveyancing practice. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Halifax have this afternoon contacted us to advise us that they have now hit a problem as our Hockley Heath solicitor is not on their approved list of lawyers. Please explain?
When purchasing a property with the benefit of a mortgage it is standard for the purchasers' solicitors to also represent the purchaser's lender. 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 lender’s conveyancing panel as you are at liberty to use your preferred Hockley Heath lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Are the Hockley Heath conveyancing solicitors identified as being on the Nottingham conveyancing panel, together with their details provided by Nottingham?
Hockley Heath conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
My colleague recommended that where I am purchasing in Hockley Heath I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Hockley Heath conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Hockley Heath around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Hockley Heath Education with plans and statistics, Local Amenities and other useful information concerning Hockley Heath.
How does conveyancing in Hockley Heath differ for new build properties?
Most buyers of new build premises in Hockley Heath contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is built. This is because developers in Hockley Heath tend to purchase the site, 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 property lawyers 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 accustomed to new build conveyancing in Hockley Heath or who has acted in the same development.
Been on the hunt for a conveyancing practitioner for freehold sale conveyancing in Hockley Heath. I'm selling, uncomplicated no mortgage to pay off, no hurry, no onward purchase. Got an estimate from a conveyancer for nine hundred pounds including VAT which is a tad expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Hockley Heath?
Given that it’s a sale only, £425 + VAT should be about the best for sale conveyancing in Hockley Heath.