The Box conveyancing firm that I appointed last week on my house acquisition in Box have suddenly shut down. I chose them because I needed a solicitor on the Kent Reliance conveyancing panel and my previous Box lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to 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 solicitors should be in a position to help.
I can see plenty of here concerning conveyancing in Box but can you isolate your top tip for selecting the right conveyancer in Box
We would encourage you not to base your choice on the lowest Box conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I happen to be the single beneficiary of my late mum's will and I have everything in my name alone, including the house in Box. The Box property was put into my name in December. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship may be considered the same way as though I had purchased the house in December. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How sensible a view lenders take of it, depend on the bank as this obligation is principally there to pick up on subsales or the quick reselling of property.
I am purchasing a property in Box. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?
As you are obtaining a mortgage with Lloyds your lawyer must check the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook includes minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Lloyds where a lease does not satisfy these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Box.
I have been told that property searches are the number one reason for hinderance in Box house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Box.
I need to retain a conveyancing solicitor for purchase conveyancing in Box. I've discover a web site which looks to be the ideal answer If there is a chance to get all this stuff completed via web that would be preferable. Do I need to be wary? 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 own a leasehold flat in Box. Conveyancing and Godiva Mortgages Ltd mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Box who previously acted has now retired. Any advice?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Box conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a basement flat in Box, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Box with over 90 years remaining are worth £211,000. The ground rent is £50 yearly. The lease finishes on 21st October 2093
With 68 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
Been looking for a solicitor for leasehold sale conveyancing in Box. I'm selling, uncomplicated no mortgage to pay off, no rush, no onward purchase. Had an estimate from a lawyer for nine hundred pounds including VAT which is a tad high given that its so straightforward. Can I pay less for conveyancing in Box?
Given that it’s a sale only, £450 + VAT is likely to be about the cheapest for a Box solicitor firm.