Is the fact that my conveyancer in Hoddesdon is not listed on my lender's solicitor panel that there is a problem with the standard of his work?
That would more than likely be a wrong assumption to make. There are plenty of 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 most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Hoddesdon conveyancing firm and enquire why they are no longer on the approved list for your lender.
I require conveyancing for an apartment in a fairly new development (seven years built) in Hoddesdon. The vast majority the properties have already been sold. Is it strictly necessary to order neighbourhood searches as part of conveyancing in Hoddesdon?
Conveyancing Searches are a vital link in the Hoddesdon conveyancing process. There are a large number of companies delivering Hoddesdon conveyancing searches, as well direct from the local authority. These are known collectively as personal search organisation and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authoritative source.
We wanted to use a conveyancing solicitor in Hoddesdon for our house purchase. Our financial adviser has since notified us that our mortgage company Chelsea Building Society won't deal with them. Surely this is unduly restrictive?
Lenders in the main restrict either the category or the number of conveyancing practices on their approved list of lawyers. A common example of such criteria being that a law practice must have two or more partners. In addition to restricting the type of firm, some have limited the amount of firms they allow to represent them. Be aware that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry indicate that hundreds of law firms, including some in or near Hoddesdon only perform one or two conveyances per annum.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Hoddesdon I like with a park and transport links nearby, however it's only got 51 years on the lease. I can't really find anything else in Hoddesdon suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a home loan that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
How do I use your search facility to locate a conveyancing solicitor in Hoddesdon on the authorised to act for my mortgage?
1st choose a bank such as Yorkshire Building Society, Virgin Money or Britannia then type in your preferred area e.g. Hoddesdon. Conveyancing firms in Hoddesdon and nationally should be shown.