Am I correct in assuming that the fact that my conveyancer in Willenhall is not on my mortgage company's conveyancing 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 plausible explanations. Just recently a report by the solicitors regulator revealed that over three quarters 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 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 contact the Willenhall conveyancing practice and enquire why they are no longer on the approved list for your bank.
Our lawyer has uncovered a defect with the lease for the property we are buying in Willenhall. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that he must check that the mortgage company is happy with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. The appropriate lender provisions must be adhered to.
I have been on the look out for a ground for flat up to £305k and found one near me in Willenhall I like with a park and transport links in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Willenhall in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am downsizing from my home. My previous conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Willenhall if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Willenhall. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Is planning consent necessary to change a single dwelling into two flats in Willenhall? This has been carried out to a property adjacent to my home in Willenhall and was not aware of the conversion until it was finished.
Planning consent is needed for splitting a single dwelling in Willenhall into flats but possibly not for converting once again to single dwelling-house so, simply put, yes.