We are purchasing a house and require a conveyancing solicitor in Long Stratton who is on the Barclays approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Long Stratton.
What happens if my lawyer’s firm is removed from the TSB Solicitor panel ahead of completing my conveyancing in Long Stratton?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
It has been 4 months since my purchase conveyancing in Long Stratton concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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.
I'm buying my first flat in Long Stratton with a mortgage from The Mortgage Works. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not reveal to my solicitor about the extras as it will put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in Long Stratton I like with open areas and station in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Long Stratton in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I am a couple of weeks into a leasehold purchase having been referred to a firm by the high street agent to execute conveyancing in Long Stratton. I am not happy. Could you you assist me in finding new conveyancers?
They would need to be very poor in order to consider replacing them. Has your mortgage been issued? If so you need to make them aware of the new contact details and have the loan are issued to the new lawyers. Your conveyancer should be on the banks panel to avoid added costs and delays. That should be your first question of the new lawyers. Our search tool can assist you in finding a lender approved lawyer for your conveyancing in Long Stratton