Am I correct in assuming that the fact that my conveyancer in Catton is not identified on my lender's solicitor panel that there is a problem with the standard of her work?
That would more than likely be an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. A recent 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 lawyer 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 Catton conveyancing firm and ask them why they are no longer on the approved list for your bank.
My son is purchasing a house that has just been built in Catton with a home loan from Principality. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Principality conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What does a local search reveal about the property my wife and I buying in Catton?
Catton conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example Onsearch The local search plays a central role in many a Catton conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Catton for a purchase of a freehold house 12 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Catton conveyancing specialists.
I'm converting the mortgage on my primary home to a BTL loan with Barclays and I will use the ballance of the raised equity towards another property. The location we are interested in is Catton. Will your conveyancers be able to act for the two banks and link together the conveyances?
Do use our comparison tool on this site to check that the conveyancers are on the appropriate lender panels. On the basis that they are your solicitor will be able to simultaneously deal with the two deals but you should have a chat with you conveyancer and make clear your desired outcome and requirements.
I am intending to sublet my leasehold flat in Catton. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Notwithstanding that your last Catton conveyancing solicitor is not around you can check your lease to see if it allows you to sublet the property. The accepted inference is that if the lease is non-specific, subletting is allowed. Quite often there is a prerequisite that you must obtain permission via your landlord or other appropriate person before subletting. This means that you cannot sublet without prior consent. Such consent should not be unreasonably refused ore delayed. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
I purchased a leasehold flat in Catton, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Catton with a long lease are worth £186,000. The ground rent is £55 levied per year. The lease finishes on 21st October 2077
With only 53 years left to run we estimate the premium for your lease extension to span between £27,600 and £31,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.