We are planning to acquire a house and need a conveyancing solicitor in Belper who is on the TSB approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Belper.
We had chosen conveyancers based in Belper on the Lloyds solicitor approved list. They have just billed me a supplemental amount for handling the Lloyds mortgage. Is this a supplemental conveyancing fee set by Lloyds?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer may levy a fee for this. The fee is not set by Lloyds but by your Belper property lawyer. Plenty of firms on the Lloyds panel will levy an ‘acting for lender’ fee and others do not.
I'm in the process of looking at flats in Belper and I am now considering a potential offer. Should I already have a lawyer appointed at this point? I am planning to take a home loan with Lloyds.
It would be advisable to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are obtaining a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
It is not clear whether my lender requires a lease extension. I have telephoned my Belper building society branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Belper conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the conveyancer is on the lender approved list, she or he must follow the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company 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 left on the lease.
Various internet forums that I have frequented warn that are the main cause of stalling in Belper house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Belper.
Are there restrictive covenants that are commonly identified during conveyancing in Belper?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Belper. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My husband and I are FTB’s - agreed a price, but the estate agent has warned us that the seller will only go ahead if we appoint their recommended solicitors as they need an ‘expedited deal’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Belper
It is improbable the sellers are driving this. Should the owner want ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Speak to the vendors direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you are going to use your preferred Belper conveyancing solicitors - rather thanthe ones that will give the negotiator at the agency a commission or meet his conveyancing figures demanded by corporate headquarters.
I own a leasehold flat in Belper. Conveyancing and Virgin Money mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Belper who previously acted has now retired. Do I pay?
First make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. You do not need to instruct a Belper conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a studio flat in Belper, conveyancing formalities finalised 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Belper with a long lease are worth £190,000. The average or mid-range amount of ground rent is £65 yearly. The lease finishes on 21st October 2083
You have 61 years unexpired the likely cost is going to range between £19,000 and £22,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.