Are the BSA intent on creating a online directory to to identify law firms on the Earl Shilton BS conveyancing panel for example in Long Stratton?
We are not aware of any plans on the part of the BSA to promote such a register.
My aunt pointed out to me me that in purchasing a property in Long Stratton there could be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Long Stratton which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Long Stratton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Long Stratton Conveyancing Quality Solicitors on the Principality conveyancing panel?
It is true that some banks and building societies now use CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
I am currently in the process of buying my council flat in Long Stratton. I have a mortgage agreed with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
2 months have gone by since my purchase conveyancing in Long Stratton took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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.
How does conveyancing in Long Stratton differ for newly converted properties?
Most buyers of new build or newly converted property in Long Stratton approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Long Stratton usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Long Stratton or who has acted in the same development.
I am using a search engine for the phrase on line conveyancing in Long Stratton it brings up numerous property lawyerslocally. How do I determine which is the suitable conveyancer for my move?
The preferential way of finding the right conveyancer is through a personal testimonial, so ask friends and family who have bought a property in Long Stratton or a local estate agent or financial adviser. Charges for conveyancing in Long Stratton vary, so it's a good idea to secure a minimum of three estimates from different solicitors. Be sure to obtain confirmation that the fees are fixed.
I am employed by a reputable estate agent office in Long Stratton where we have experienced a few leasehold sales derailed due to short leases. I have received contradictory information from local Long Stratton conveyancing firms. Please can you clarify whether the vendor of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Long Stratton Leasehold Conveyancing - A selection of Questions you should consider before buying
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Where a Long Stratton lease has less than 80 years it will affect the salability of the flat. It is worth checking with your bank that they are happy with remaining years on the lease. A short lease means that you will almost definitely have to extend the lease at some point and you need to have some idea of how much this will be. Remember, in most cases you will need to own the residence for 24 months before you are entitled to exercise a lease extension. The answer will be important as a) areas could result in problems for the block as the communal areas may begin to deteriorate if repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will want to have all the details