The property market in Flitwick is hotting up. What can I do to speed up matters?
In the event that you are under time constraints to exchange it is advisable to make sure that your conveyancer is familiar with the location as they will benefit local relationships and intelligence. It is possible that they would have handled previoushomes in the same street. You would be best advised to use a Flitwick conveyancing firm. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Flitwick conveyancing transactions are delayed or derailed after discovering a purchaser’s conveyancer was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal transfer of property being frustrated by as much as 21 days. It is said that this issue impacts in the region of one hundred thousand home moves every year. Many Flitwick conveyancing practices can not act for certain mortgage companies so do check as early as possible.
I am the registered owner of a freehold premises in Flitwick yet charged rent, why is this and what is this?
It is rare for properties in Flitwick and has limited impact for conveyancing in Flitwick 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 creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would much rather instruct a high street conveyancing solicitor in Flitwick?
You should check but the chances are that appoint one of their panel conveyancers should you want the "fee-free" offer. Contact the lender to see if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Flitwick.
We previously chose solicitors based in Flitwick on the Principality solicitor panel. They are now charging me a further amount for the legal aspects of the Principality mortgage. Is this a supplemental conveyancing fee specified by Principality?
Provided it is contained in their Terms and Conditions or estimate then yes your solicitor may charge a fee for this. The fee is not set by Principality but by your Flitwick solicitor. Some firms on the Principality panel will levy ’dealing with mortgage’ fee and others do not.
It is not clear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Flitwick building society branch on numerous occasions and was told they are content with the situation and they will lend. My Flitwick conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend in accordance with their published requirements. I have no idea who is right.
Provided that the property lawyer is on the lender panel, they must follow the CML Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
After much negotiation I have agreed a price on an apartment in Flitwick. My financial adviser pressured me to appoint their lawyer. I paid an advanced payment of £200. A couple of days later, the conveyancing practitioner called me sheepishly admitting that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Stirling Law several years past for my conveyancing in Flitwick. Now, I need the files however the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Flitwick of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How do I identify a Flitwick solicitor on the TSB conveyancing panel? I drive a motor bike and am willing to travel upto 25miles to meet the solicitor.
You can use the search on this page. Please choose the bank and your location and you will see a number of Flitwick conveyancing lawyers located nearest you. We have detailed some Flitwick conveyancing firms towards the end of this page and you can telephone them to see if they are on the TSB panel