We chose a high street lawyer for our conveyancing in Longridge recently. Looking through the Terms I noteI am on the hook for costs even if the sale doesn't happen. Should I ditch them and select a web based lawyer offering no move no charge conveyancing in Longridge?
It is usually ‘give and take’ in that if "No Completion No Fee" is available then the conveyancing charges will tend to be be higher to offset those transactions that abort. Dont forget that such arrangements rarely protect you from expenditure such your Longridge conveyancing search costs.
Completed the sale of my flat in Longridge last December but our buyer keeps texting me complaining that his lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Following your disposal your solicitor is committed to deliver the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also evidence that the mortgage has been paid off to the buyers solicitors. There are no post completion steps specific conveyancing in Longridge.
About to place a bid on a leasehold flat in Longridge. The selling agents tell me that it is standard for flats in Longridge to have less than 75 years unexpired on the lease. I am taking out a loan with Accord Mortgages. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/9/2021 the requirements read as follows :
My uncle pointed out to me me that in purchasing a property in Longridge there could be a number of restrictions prohibiting external alterations to a property. Is this right?
We are aware of anumerous of properties in Longridge which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Longridge should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Are all Longridge Conveyancing Quality Solicitors on the Nottingham conveyancing panel?
A selection of lenders now use CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of firms.
is it true that all Longridge solicitors on the RBS conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the RBS conveyancing panel they would need to be governed by the SRA. Many banks do list licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Longridge is where the house is located. Can you shed any light on this issue?
Flying freeholds in Longridge are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Longridge you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Longridge may decide 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 premises.
I have been sourcing a conveyancing solicitor in Longridge for my purchase. Is there any facility to review a solicitor's record with the profession’s regulator?
Members of the public can review published Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training requirements.