Forgive me if this question is silly but I am unseasoned as a 1st time buyer of a garden flat in Hartlepool. Do I receive the keys to the premises on the completion date from my conveyancer? If so, I will use a High Street conveyancing solicitor in Hartlepool?
On the day of completion you will not be required to go to the conveyancers office in Hartlepool. Your solicitors will electronically transfer the purchase money to the vendor’s lawyers, and once they have received this, you should be able to receive the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
is it true that all Hartlepool solicitor practices on the Co-operative conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Co-operative approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel and in such a situation the practice would be regulated by the CLC.
Planning on purchasing a flat in Hartlepool. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hartlepool conveyancer is on the RBS conveyancing panel.
I have a terraced Edwardian house in Hartlepool. Conveyancing solicitor acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hartlepool 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 mortgage companies. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Hartlepool is where the house is located. Can you shed any light on this issue?
Flying freeholds in Hartlepool are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hartlepool you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hartlepool may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I identify a Hartlepool law firm on the HSBC Bank conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please pick a mortgage company and your location and you will see a number of Hartlepool conveyancing lawyers based on proximity. We have detailed some Hartlepool conveyancing firms towards the end of this page and you can ring them to verify if they are on the HSBC Bank member panel
Last September I purchased a leasehold house in Hartlepool. Do I have any liability for service charges for periods before completion of my purchase?
In a situation 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. However, your landlord may still be able to take action to forfeit the lease. A critical element 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 studio flat in Hartlepool, conveyancing having been completed in 2007. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Hartlepool with a long lease are worth £265,000. The ground rent is £50 per annum. The lease expires on 21st October 2097
You have 76 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 as well as legals.
The figure 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 comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
My brother-in-law has suggested I instruct a conveyancing solicitor in Hartlepool. I need to find out if they are on the bank's approved list of lawyers. Can you assist?
It’s a good idea call the lawyer and ask them if they are on the bank's approved list. If that does not help call us and we can investigate and revert. If they are not on the bank panel we can certainly arrange a specialist conveyancing solicitor in Hartlepool on the approved list for your lender.