We are buying a property and require a conveyancing solicitor in Burton Latimer who is on the HSBC conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Burton Latimer.
The Burton Latimer conveyancing lawyers that I recently instructed on my purchase in Burton Latimer have without warning closed. I only went with them because I had to have a solicitor on the Coventry BS conveyancing panel and my previous Burton Latimer lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
If you have an estate agent involved 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. Most sellers would 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 Coventry BS 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 may be able to help.
I have been told that property searches are the primary reason for stalling in Burton Latimer conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Burton Latimer.
Are there restrictive covenants that are commonly identified during conveyancing in Burton Latimer?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Burton Latimer. 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 first time buyers - agreed a price, but the selling agent told us that the seller will only go ahead if we use their chosen solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a local conveyancer used to conveyancing in Burton Latimer
We suspect that the owner is unaware of this demand. Should the owner require ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Try to communicate with the sellers directly and make the point that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to appoint your preferred Burton Latimer conveyancing firm - not the ones that will earn their negotiator at the agency a kickback or achieve conveyancing thresholds pre-set by head office.
Last December I purchased a leasehold house in Burton Latimer. Am I liable to pay service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a basement flat in Burton Latimer, conveyancing having been completed November 2000. Can you work out an approximate cost of a lease extension? Equivalent flats in Burton Latimer with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2087
With 62 years remaining on your lease the likely cost is going to be between £17,100 and £19,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.