Am I correct in assuming that the fact that my solicitor in Bollington is not listed on my mortgage company's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed 76% 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 lawyer 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 Bollington conveyancing firm and enquire why they are no longer on the approved list for your bank.
Do the conveyancing lawyers listed on your site execute attended exchange conveyancing in Bollington?
We do have a number of conveyancing experts who can conduct 24hr exchanges. Please call us to obtain a costs illustration and details as to availability.
The Bollington conveyancing solicitors that I recently instructed on my house acquisition in Bollington have without warning shut down. I chose them because I needed a lawyer on the Kent Reliance conveyancing panel and my preferred Bollington lawyer was not. I wrote them a cheque for two hundred pounds in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
Due to the guidance of my in-laws I had a survey completed on a property in Bollington ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend refuse to issue a loan on this type of house.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bollington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bollington to see if the conveyancing costs will increase in light of this.
I was pointed in your direction by a number of estate agents in Bollington to locate a property lawyer on your site. What’s the financial upside for Estate Agents to market your site over and above alternative conveyancing organisations?
We don’t give any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £400,000 garden flat in Bollington on Tuesday in a week. The landlords agents has quoted £372 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Bollington?
For the majority of leasehold sales in Bollington conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Bollington
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Bollington Leasehold Conveyancing - Sample of Queries before Purchasing
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Does the lease have more than 85 years unexpired? Please note that where the lease has less than eighty years it will have adverse implications on the salability of the apartment. It is worth checking with your mortgage company that they are willing to lend given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering how much this would cost. For most Bollingtonlease extensions you would need to own the residence for two years in order to be entitled to extend the lease.