I am in the process of selling my flat in Little Burstead and the EA has just telephoned to warn that the buyers are appointing a new law firm. The excuse is that the mortgage company will only engage with solicitors on their approved list. On what basis would a leading lender only work with certain solicitors rather the firm that they want to appoint to handle their conveyancing in Little Burstead ?
UK lenders have always had an approved set of law firms they are content to work with, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for over 25 years.
Mortgage companies justify this action to a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. Banks tend not to disclose how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any impact on this.
I purchased a freehold house in Little Burstead but still pay rent, why is this and what is this?
It’s unusual for properties in Little Burstead and has limited impact for conveyancing in Little Burstead 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Do I need to pay for insurance to cover chancel repairs when buying a property in Little Burstead?
Unless a prior purchase of the premises took place post 12 October 2013 you could expect solicitors carrying out conveyancing in Little Burstead to continue to propose a a chancel search and or chancel repair liability insurance.
I used Action Conveyancing a few years ago for my conveyancing in Little Burstead. I now require my file however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Little Burstead 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.
Just had an offer accepted on a new build apartment in Little Burstead. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Little Burstead
-
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
My business partner and I are looking to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering competitive costs for commercial conveyancing in Little Burstead for under £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Little Burstead, including the disposal and purchase of businesses as well as simply premises. If you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the fees these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your details or call so as to enable us to supply you with a fixed commercial conveyancing quote.