I have just been advised by my estate agent that my Totterdown lawyer is not on the mortgage company Conveyancing panel. What can I do to be sure that this is correct?
The best course of action for you to take is to contact your Totterdown conveyancer. You lawyer should inform you of the situation. Where they are not on the panel they may be able to suggest a Totterdown conveyancing practice that is on the conveyancing panel for your mortgage company.
Would the conveyancing solicitors to be found on your site handle auction conveyancing in Totterdown?
There are a number of niche lawyers we can put you in touch with those who can conduct auction conveyancing. Totterdown is just one of the many areas of where our lawyers are based.
is it true that all Totterdown solicitors on the Kent Reliance conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some lenders do list licenced conveyancers on their panel in which case such practice would be governed by the Council of Licensed Conveyancers.
I am expecting a DIP from Virgin Money this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Virgin Money recommend any Totterdown solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Totterdown solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
Nottingham have agreed my mortgage in principle, my bid on a flat in Totterdown has been accepted, what happens next?
The property agent will want to be informed of your property lawyer's details (ensure that the lawyers are on the lender’s approved list). Telephone Nottingham or the financial adviser and finalise any relevant documentation. Nottingham will appoint a valuer who will get in contact with the estate agent or seller to book an appointment. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Nottingham will issue the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Totterdown.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who handled the conveyancing in Totterdown 10 years ago no longer exist. What do I do?
As long as you have a registered title the information relating to your proprietorship will be retained by the Land Registry under a Title Number. It is easy to carry out a search at the Land Registry, find your house and get up to date copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will also normally hold a certified copy of the Registered Lease and again, a copy can be retrieved for a small fee.
I need to instruct a conveyancing solicitor for my conveyancing in Totterdown. I happened to stumble upon a site which appears to be the ideal solution If there is a chance to get all the legals completed via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am intending to let out my leasehold flat in Totterdown. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Even though your previous Totterdown conveyancing solicitor is not around you can review your lease to see if you are permitted to let out the apartment. The rule is that if the deeds are non-specific, subletting is permitted. Quite often there is a prerequisite that you must obtain permission via your landlord or other appropriate person in advance of subletting. The net result is that you cannot sublet without prior permission. Such consent should not be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.
I invested in buying a garden flat in Totterdown, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Totterdown with an extended lease are worth £211,000. The ground rent is £45 charged once a year. The lease ceases on 21st October 2091
With 67 years remaining on your lease we estimate the premium for your lease extension to be between £10,500 and £12,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.