I can't travel far from Lynton. Is there a reason why all Lynton conveyancers aren't automatically on all bank panels?
Pre- 2008 most lenders displayed an approach to risk which is different from today. The FSA in 2010 carried out a thematic review into fraud which in summary warned lenders: know the conveyancers on your panel. As a result, mortgage companies have subsequently looked to extract more data from law firms about their processes and the individuals employed by them and set certain criteria such as completing a minimum number of transactions. Thousands of firms have been removed from lender panels even though they had 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Many firms were never going to satisfy the criteria of amount of transactions the lenders required.
I am planning to acquire a flat and need a conveyancing solicitor in Lynton who is on the The Royal Bank of Scotland approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for The Royal Bank of Scotland in certain locations such as Lynton. We dont recommend any particular firm.
How can we know in advance if a Lynton conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Lynton seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor carrying out your transaction.
Two weeks ago we had a mortgage agreed in principle with TSB. Lynton conveyancing lawyers are selected. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB done the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
After shopping around on the internet I have found a Lynton lawyer having checked that they are on the HSBC conveyancing panel. Does my lawyer arrange the survey of the property?
HSBC will need an independent valuation of the property. Your lawyer will not arrange this. Usually HSBC will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Lynton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Me and my brother have a renovated Edwardian property in Lynton. Conveyancing lawyer represented me and TSB. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the matching property. Is it worth asking TSB to clarify?
You should read the Freehold register you have again and check the Charges Register for 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 Lynton and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing practitioner who conducted the purchase.
I am thinking of appointing a conveyancing solicitor in Lynton for my sale. Is it possible to review a firm’s record with the legal regulator?
Members of the public may search for documented Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training reasons.
All being well we will complete the disposal of our £200,000 apartment in Lynton next week. The management company has quoted £384 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Lynton?
For most leasehold sales in Lynton conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-contract enquiries
Where consent is required before sale in Lynton
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I inherited a 2 bed flat in Lynton, conveyancing was carried out May 2007. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Lynton with an extended lease are worth £265,000. The ground rent is £50 charged once a year. The lease finishes on 21st October 2102
You have 76 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.