We are buying a property and require a conveyancing solicitor in Corby who is on the Nottingham solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Corby.
My bid for a property was accepted at auction in Corby. Conveyancing is necessary. What is next?
Now that you are to in every practical sense signed on the dotted line you should instruct a conveyancing practitioner as a matter of priority as you now have a pending a fixed date to complete the deal. All auction property will have a bespoke auction set of papers. This will include most,if not all of the documents that your conveyancer will need. Where you are dealing with leasehold premises the auction papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to leasehold premises. You need to give this to the conveyancer working for you at the earliest opportunity. You also need to ensure that your finances are in order to complete on the on the contractual date .
We are getting a further advance on our mortgage from TSB as we wish to conduct renovations to our home in Corby. Do we need to choose a high street Corby solicitor on the TSB conveyancing panel to handle the legals?
TSB don't usually instruct a member of 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 TSB list.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Corby building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Corby conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they would not lend based on their specific requirements. I simply don't know who is right.
Provided that the conveyancer is on the bank approved list, she or he must comply with the CML Handbook specifications for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
three months have elapsed following my purchase conveyancing in Corby completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a ground for flat up to £245,000 and identified one near me in Corby I like with open areas and transport links nearby, however it's only got 51 years on the lease. I can't really find anything else in Corby suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the shortness of the lease may be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can request that they 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 a sole trader intending to take an assignment of a lease of a shop on the high street. Can you recommend solicitors offering competitive fees for non-domestic conveyancing in Corby for less than 2k?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Corby, including the sale and purchase of businesses as well as simply premises. If you are looking to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the charges these will vary based on the structure and complexity of the deal. Please provide us with your details or telephone us so that we can provide you with comprehensive commercial conveyancing calculation.
Our solicitor in Corby has uncovered a defect with the lease for the apartment we are purchasing in Corby. The seller’s lawyers have put forward defective title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer says that as he is on the bank conveyancing panel he must be satisfied that the lender is happy with this solution. Who is the client here, us or the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. A precondition to being on the bank approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.