Am I correct in assuming that the fact that my solicitor in Buckhurst Hill is not on my bank's solicitor panel that there is a problem with the quality of his conveyancing?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator indicated 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. Should you be concerned you should simply call the Buckhurst Hill conveyancing practice and enquire why they are no longer on the approved list for your lender.
My wife and I own a 4 bedroom Georgian property in Buckhurst Hill. Conveyancing solicitor acted for me and The Mortgage Works. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the matching address. Is it worth asking The Mortgage Works to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Buckhurst Hill and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who completed the work.
I am buying a new build apartment in Buckhurst Hill. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Buckhurst Hill
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I am looking for a conveyancing practitioner in Buckhurst Hill for my home move. Is there any facility to check a firm’s record with the legal regulator?
Anyone may search for documented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after 1 January 2008. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator could recorded call for training requirements.
We expect to complete our sale of a £425,000 apartment in Buckhurst Hill in 10 days. The freeholder has quoted £312 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Buckhurst Hill?
Buckhurst Hill conveyancing on leasehold apartments nine out of ten times results in administration charges raised by freeholders :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Buckhurst Hill
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I own a a ground floor purpose built flat in Buckhurst Hill. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Most definitely. We are happy to put you in touch with a Buckhurst Hill conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Buckhurst Hill residence is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case affected 2 flats. The unexpired term as at the valuation date was 69.26 years.
Me and my wife are disposing of a Buckhurst Hill house left to us some years ago in 2009. I have over 15 years conveyancing know-how and, although retired, intend to conduct my own conveyancing. The purchaser's solicitor has informed me that their mortgage company will not allow us to do our own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Lending requirements to conveyancers from all CML members specify that If the vendor does not have legal representation the purchaser’s lawyers should check whether the bank needs to be notified so that a decision can be reached as to whether they are willing to move forward.