I am not in a position to travel far from Purley. Is there a reason why all Purley conveyancing practitioners aren't included on all lender panels?
Before the recession most banks had an attitude to risk which is different from today. The FSA in 2010 carried out a thematic review into property fraud which concluded: know the conveyancers on your panel. Accordingly, mortgage companies have since soughtmore information from law firms concerning their operations and the staff employed by them and set certain criteria such as completing a minimum amount of transactions. Many law practices have found themselves excluded from lender panels even though they had 100% healthy disciplinary record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to satisfy the minimum amount of transactions the lenders required.
I have given 8 weeks notice to my existing landlord and must vacate my let out property in Purley by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in three weeks as don't want to have to move into short term accommodation?
It is unwise to give notice on a rental until your lawyer suggests that you should. If you have not previously done so, contact to your solicitor and ask them to they cajole the sellers side, try to get a realistic time scale from them that everyone will look to achieve
Me and my partner are purchasing a house in Purley. It might be a silly question but how we can trust a solicitor? At some point we have to put funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My husband and I have organised the release of further monies on our mortgage from Coventry BS as we want to conduct a loft conversion to our house in Purley. Do we need to select a local Purley solicitor on the Coventry BS conveyancing panel to handle the paperwork?
Coventry BS do not ordinarily require firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS list.
I recently had an offer agreed on a house in Purley. My mortgage broker pressured me to appoint their solicitor. I paid an advanced payment of £175. A couple of days later, the solicitor called me embarrassingly acknowledging that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Purley I like with a park and transport links nearby, however it only has 49 remaining years left on the lease. There is not much else in Purley for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
My business partner and I are hoping to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no charges for commercial conveyancing in Purley for less than 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Purley, including the sale and acquisition of businesses as well as simply property. Whether you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. Regarding the charges this will depend on the structure and heads of terms of the proposed transaction. Let us have your contact information or telephone so as to enable us to supply you with a fixed commercial conveyancing calculation.