Do conveyancers request money up-front for conveyancing in East Dean?
Where you are retaining lawyers for conveyancing in East Dean your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the sale price then this should be asked for immediately ahead of exchange of contracts. The closing balance that is due should be sent to your lawyer a few days ahead of the completion date.
My Conveyancer in East Dean has never been on on the Barclays Direct Approved Panel. Can I still retain my family solicitor even though they are not on the Barclays Direct list of approved lawyers?
The limited options open to you here include:
- Carry on with your preferred East Dean lawyers but Barclays Direct will need to use a conveyancer on their list of acceptable firms. This will result in additional overall legal fees and result in frustration.
- Find an alternative lawyer to to deal with the conveyancing, remembering to check they are Barclays Direct approved.
- Persuade your Barclays Direct based solicitor to attempt to join the Barclays Direct panel
I am being told by my solicitor that breach of easement insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in East Dean?
The right level of breach of easement indemnity insurance should be dictated by who your lender. It would differ for example between National Westminster Bank and The Royal Bank of Scotland. Conveyancing practitioners as opposed to borrowers take out such policies.
I am selling my apartment. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Coventry BS are being difficult. The East Dean solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are insisting on a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
My offer was accepted on a house in East Dean on 12/10/2022, valuation was booked 2 days after, all came back fine. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
It has been 4 months since my purchase conveyancing in East Dean concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
In my capacity as executor for the will of my grandfather I am disposing of a residence in Neath but I am based in East Dean. My conveyancer (who is 200 miles from merequires that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing solicitor in East Dean to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are based in East Dean
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £375,000 flat in East Dean next week. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in East Dean?
For the majority of leasehold sales in East Dean conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Addressing conveyancing due diligence questions
Where consent is required before sale in East Dean
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 purchased a garden flat in East Dean, conveyancing formalities finalised February 2003. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in East Dean with an extended lease are worth £255,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ceases on 21st October 2095
With 73 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.