My IFA says he needs my Maldon lawyer’ panel reference for the Nat West conveyancing panel. What is the best way to obtain this. I have tried my local Maldon branch but they don't know it.
Have you tried calling your Maldon conveyancer about this?. They maintain a central record lender panel numbers.
My partner and I intend to remortgage our flat in Maldon with Co-operative. We have a son 19 who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the Co-operative conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
First, rest assured that your Co-operative conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Co-operative. This is solely used to protect Co-operative if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Co-operative had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
It is 10 years ago since I purchased my home in Maldon. Conveyancing lawyers have now been instructed on the sale but I am unable to locate my deeds. Is this a problem?
Don’t worry too much. Firstly there is a chance that the deeds will be retained by your mortgage company or they could be in the possession of the conveyancers who oversaw your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Almost all conveyancing in Maldon relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I just acquired a flat at auction in Maldon. Conveyancing is necessary. What happens now?
Having legally bound yourself to purchase you will need to choose a conveyancing solicitor quickly as you are facing a fast approaching a fixed date to complete the transaction. Every auction property will ordinarily have a bespoke legal set of papers. This will include most,if not all of the documents that your conveyancer will need. If you have purchased leasehold property the conveyancing pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You must give this to the lawyer instructed by you as soon as possible. Do make sure that your finances are organised to complete on the date specified in the contract.
When it comes to lenders such as Leeds Building Society, do Maldon conveyancers face an annual charge to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
My fiancee and I are at the point of viewing houses in Maldon and I am about to put in an offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with Clydesdale.
It would be sensible to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the selling agent. Given that you are obtaining a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I am looking for a conveyancing lawyer in Maldon for my sale. Can I see a firm’s record with the legal regulator?
Anyone can find published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA may recorded telephone calls for training purposes.
I am attracted to a couple of maisonettes in Maldon both have about forty five years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Maldon. The lease is a right to use the premises for a period of time. As a lease gets shorter the saleability of the lease reduces and it becomes more costly to extend the lease. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
I invested in buying a 1st floor flat in Maldon, conveyancing was carried out 4 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Maldon with an extended lease are worth £201,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2090
With only 65 years unexpired we estimate the premium for your lease extension to range between £13,300 and £15,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information 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 want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.