Me and my partner are due to complete buying a property in Farnborough but as a result of damage from some water damage at the property I have managed to agree reparation from the seller in the sum of £2k in the form of a deduction in the price. I had intended this to be addressed as part of a side agreement yet Skipton will not agree to this. Why were they involved?
The property lawyer being on the Skipton conveyancing panel is duty bound to disclose to Skipton of any changes to the purchase price. If you prohibit your conveyancing practitioner to report the reduction to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new conveyancing practitioner for your conveyancing in Farnborough.
I own a freehold house in Farnborough yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Farnborough and has limited impact for conveyancing in Farnborough but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
What is the difference between a licensed conveyancer and conveyancing solicitor in Farnborough
Two types of professional can execute conveyancing in Farnborough namely licenced conveyancers or solicitors. The two can provide conveyancing services that you need to complete the disposal or acquisition of property. They are both obliged to perform Farnborough conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be professionally conducted and that the requisite procedures will be accurately attended to.
I am helping my aunt sell her flat in Farnborough. Will the conveyancer order the energy assessment or it is for me to coordinate?
Following the abolition of Home Information Packs, energy performance certificates remained a compulsory element of moving property. An energy assessment must be to hand before the property is marketed. This is not as aspect of the sale process that lawyers ordinarily arrange. Where you are using a Farnborough conveyancing lawyer they might be able to arrange energy performance certificates due to their relationships with long established local providers
The formalities of my remortgage has taken place for my property in Farnborough. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I am looking for a conveyancing solicitor in Farnborough for my house move. Is there any facility to see a firm’s record with the legal regulator?
You can review presented Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.
Do you have any advice for leasehold conveyancing in Farnborough with the aim of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Farnborough can be avoided if you appoint lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information which will be required by the purchasers’ solicitors. The majority of landlords or Management Companies in Farnborough charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Farnborough. You believe that you know the number of years remaining on your lease but it would be wise to verify this via your lawyers. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the remaining number of years is under 80 years. It is therefore important at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. A minority of Farnborough leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors.
Farnborough Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
-
What is the length of the lease? The prefered form of lease structure is where the freehold interest is owned by the leaseholders. In this scenario the leaseholders have control and although a managing agent is often retained if it is larger than a house conversion, the managing agent employed by the leaseholders. How is the lease structured?
My partner and I have just had an offer agreed on a apartment and had meeting on Wednesday with Leeds Building Society for the mortgage. They warned us that when it comes to choosing a conveyancing practitioner that if they are not on their approved panel of conveyancing practitioners then we will have to pay out a further fee of £200. This is because they will then have to appoint a property lawyer to act on their behalf in addition to the one we appoint for ourselves and we will be on the hook for their costs. I have requested Leeds Building Society to furnish me with a list so I can obtain estimates only from their approved lawyers but was told they dont have such a list to hand over. Is there a list online?
Ask Leeds Building Society what their criteria for panel membership is for a conveyancer.Then ask the solicitor of your choice whether they fit that criteria and have they acted on loans for Leeds Building Society previously. If the answer to those is yes, then just clarify this with Leeds Building Society. Alternatively please utilise our search facility and we should be able to find you a conveyancer in Farnborough on the panel for Leeds Building Society.