Is the fact that my solicitor in Mawsley is not identified on my bank's conveyancing panel that there is a problem with the standard of the firm’s work?
That is more than likely a wrong assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume 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. Where you are concerned you should simply call the Mawsley conveyancing practice and enquire why they are no longer on the approved list for your mortgage company.
We are selling our apartment in Mawsley. Does the conveyancing practitioner have to be required to be on the Santander conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
Due to the advice of my in-laws I had a survey completed on a property in Mawsley in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some banks tend not grant a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Mawsley. Conveyancing may be slightly more expensive based on your lender's requirements.
How difficult is it to switch conveyancer as I have to select a firm on the Godiva Mortgages Ltd conveyancing list. I had appointed a high street conveyancing solicitor in Mawsley five minutes from me but he is not approved by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Mawsley on the Godiva Mortgages Ltd panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Mawsley. Using search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Mawsley.
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have subsequently found out that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Mawsley. Conveyancing advisers have not yet been instructed. Will they explain the issues?
The majority of houses in Mawsley are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can assist with the conveyancing process. We note that you are buying in Mawsley so you should seriously consider shopping around for a Mawsley conveyancing practitioner and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer will report to you on the legal implications.