My IFA has asked me for my Arundel law firm’s panel reference for the Santander conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Arundel branch but they cant find it on their system.
You are best placed to get this information from your Arundel lawyer . They keep a central record lender panel numbers.
I am the registered owner of a freehold house in Arundel but still pay rent, why is this and what is this?
It is rare for properties in Arundel and has limited impact for conveyancing in Arundel but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
We decided to purchase a newbuild flat in Arundel with a homeloan from Skipton Building Society.We like our Arundel conveyancing practitioner but Skipton Building Society informed us his firm is not on their approved list of firms. we are left little option but to use a Skipton Building Society panel firm or keep our local solicitor and pay for one of their panel ones to act for them. This seems very unfair; Can we not simply insist that Skipton Building Society use our lawyer?
Unfortunately,no. The mortgage issued to you contains terms and conditions, one of which will be that lawyers must be on the Skipton Building Society solicitor panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Skipton Building Society
three months have elapsed following my purchase conveyancing in Arundel took place. I have checked the Land Registry website 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 premises 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.
How does conveyancing in Arundel differ for new build properties?
Most buyers of new build residence in Arundel approach us having been asked by the builder to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Arundel usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Arundel or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Arundel is where the house is located. What do you suggest?
Flying freeholds in Arundel are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Arundel you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Arundel may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.