Is the fact that my conveyancer in Belford is not listed on my bank's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
That is most likely an incorrect assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated that over three quarters 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 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 simply call the Belford conveyancing firm and ask them why they are no longer on the approved list for your bank.
I purchased a freehold house in Belford yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Belford and has limited impact for conveyancing in Belford 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 date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I am purchasing a property and the conveyancer has referenced Chancel Repair for which the house could be liable because it falls into the area of such a church. He has suggested insurance. Is this strictly necessary for conveyancing in Belford
Unless a prior purchase of the house completed after 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in Belford to continue to propose a a chancel search and or insurance against a claim.
I have been on the look out for a flat up to £235,500 and found one close by in Belford I like with amenity areas and transport links in the vicinity, however it's only got 49 years on the lease. There is not much else in Belford in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I need to retain a conveyancing solicitor for some conveyancing in Belford. I've chance upon a site which appears to be the perfect offering If there is a chance to get all the legals completed via phone that would be ideal. 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 searching for Belford competitive conveyancing fees. Can I be sure that all the Belford firms that are identified on your directory are on the bank conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Belford firm being on the bank conveyancing panel is not accurate.