Is the fact that my conveyancer in Bordon is not identified on my mortgage company's conveyancing panel that there is a problem with the standard of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of 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) lack 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. Where you are concerned you should simply call the Bordon conveyancing firm and ask them why they are no longer on the approved list for your lender.
Having sold my house in Bordon last July but my buyer keeps telephoning me complaining that her lawyer needs to hear from mine. What should my lawyer have done following completion?
Following your disposal your solicitor is committed to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been discharged to the buyers lawyers. There are no post completion formalities specific conveyancing in Bordon.
I am selling my house in Bordon. Will my conveyancer have to be required to be on the RBS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently currently.
Should commercial conveyancing searches reveal planned roadworks that may impact a commercial premises in Bordon?
Many commercial conveyancing solicitors in Bordon will execute a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Bordon. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bordon.
For every commercial conveyancing transaction in Bordon it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Bordon commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Bordon.
I am looking for a ground for flat up to £245,000 and found one close by in Bordon I like with a park and transport links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Bordon suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can 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 with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
What advice can you give us when it comes to choosing a Bordon conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Bordon conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with two or three firms including non Bordon conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
If they are not ALEP accredited then why not? How many lease extensions has the firm conducted in Bordon in the last 12 months?
Leasehold Conveyancing in Bordon - Examples of Questions you should ask before buying
Where a Bordon lease has less than 80 years it will have adverse implications on the value of the apartment. Check with your bank that they are content with the length of the lease. Leases with fewer than 80 years remaining means that you will probably need a lease extension at some point and you need to have some idea of how much this will be. Remember, in most cases you will need to own the premises for 24 months before you are eligible to extend the lease. The answer will be helpful as a) areas could cause problems for the building as the common areas may begin to deteriorate if services are not paid for b) if the leasehold owners have an issue with the running of the building you will wish to have complete disclosure What is the name of the managing agents?