Is there a reason why leasehold purchase conveyancing in Mancot is more expensive?
Mancot leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My Conveyancer in Mancot has never been on on the Britannia Approved Panel. Can I still retain my family solicitor notwithstanding that they are not on the Britannia panel?
The limited options open to you here include:
- Complete the purchase with your existing Mancot lawyers but Britannia will need to use a conveyancer on their list of acceptable firms. This will inevitably rack up the overall conveyancing fees as well as result in delays.
- Find an alternative lawyer to to deal with the conveyancing, obviously checking they are Convince your lawyer to do everything within their powers to join the Britannia conveyancing panel
We were going to get a DIP from Lloyds this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any Mancot solicitors on the Lloyds conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Mancot solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
Completion of my purchase has taken place for my property in Mancot. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I recently had an offer agreed on a house in Mancot. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £200. Shortly after, the solicitor called me embarrassingly acknowledging that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Due to the input of my in-laws I had a survey completed on a property in Mancot before appointing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to give a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Mancot. Conveyancing will be smoother if you use a solicitor in Mancot especially if they are familiar with such properties in Mancot.
As co-executor for the will of my father I am selling a residence in Newport but live in Mancot. My conveyancer (based 250 miles from merequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Mancot who can attest this legal document for me?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are based in Mancot
Back In 2000, I bought a leasehold flat in Mancot. Conveyancing and National Westminster Bank mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Mancot who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Mancot conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a leasehold flat in Mancot, conveyancing formalities finalised 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Mancot with over 90 years remaining are worth £202,000. The ground rent is £60 per annum. The lease ends on 21st October 2079
You have 57 years remaining on your lease the likely cost is going to be between £28,500 and £33,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.