When will exchange of contracts occur in domestic conveyancing in March and do I need to be at the conveyancers branch?
Where you are round the corner to one of the conveyancing solicitors in March you are invited in to sign contracts. However, the law practices we work with offer a nationwide conveyancing service and give as equally diligent and professional a job for you when communicating with you electronically. The executing of the contract is not when everything is set in stone. A signed contract simply enables the conveyancer to address the formalities at the appropriate time, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in March)to be in the office available at the end of the phone to exchange contracts.
What is the optimum way to find out if the solicitor carrying out my conveyancing in March is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Birmingham Midshires thus paying £192.00 in supplemental conveyancing bill.
Feel free to make the most of the search tool on this web page. Please choose the lender and type ‘March’ or your location and you will see a number of lawyer based in March or by proximity to you.
I am assisting my step-mother sell her house in March. Will the conveyancing solicitor arrange the energy assessment or should I organise this?
After the abolition of Home Packs, energy assessments became a mandatory element of selling a property. An energy performance certificate must be to hand prior to the property being placed on the market. This is not a task that solicitors normally arrange. Where you are instructing a March conveyancing lawyer they may be willing to arrange energy performance certificates given their contacts with long established local accredited person
I can not work out if my mortgage offer requires a lease extension. I have telephoned my March bank branch on a couple of occasions and was reassured it wasn't an issue and they would lend. My March conveyancing solicitor - who is on the lender conveyancing panel- called to say that they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The property lawyer must follow the CML Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am selling my apartment. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nottingham are being a right pain. The March solicitor who is on the Nottingham conveyancing panel is recommending indemnity insurance as a solution but Nottingham are insisting on a building regulation certificate. Why do Nottingham have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nottingham have referred the matter to their valuer. The reason why Nottingham may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
A colleague advised me that if I am purchasing in March I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard March conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about March around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the March Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information regarding March.
Expecting to complete next month on a ground floor flat in March. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in March should include some of the following:
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Alterations to the flat You should know if the lease allows you to change or upgrade anything in the premises- you must know whether it relates to all alterations or limited to structural alteration, and whether consent is required The unexpired lease term. You should be advised as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years Rent payments - how much and what the invoice dates are, and also know whether this is subject to change Setting out your rights in respect of the communal areas in the building.E.G., does the lease contain a right of way over a path or hallways?
Leasehold Conveyancing in March - Examples of Queries Prior to buying
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Best to be warned if window replacement or some other major work is anticipated to be shared by the leaseholders and will dramatically increase the the service costs or require a one off invoice. Most March leasehold flats will be liable to pay a service bill for the upkeep of the block invoiced on behalf of the management company. Should you buy the flat you will have to meet this liability, usually periodically accross the year. This could be anything from two or three hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a rentcharge for you to pay annual, ordinarily this is not a large sum, say about £25-£75 but you need to check as on occasion it can be surprisingly expensive. It would be sensible to discover as much as possible regarding the company managing the building as they can either make life much simpler or much more difficult. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues such as the cleanliness of the common parts. Ask prospective neighbours what they think of them. In conclusion, be sure you understand the dates that you are obliged pay the maintenance charge to the relevant party and specifically how they are spending the funds.
What do I do if I am dissatisfied with the conveyancing practitioner who conducted my conveyancing in March?
Occasionally the level of service you receive is not as you expect, and unfortunately sometimes matters do not go as planned. Nevertheless there is recourse where you were not happy with your conveyancing in March. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their governing body. If things still aren’t sorted out you may consider getting in touch with the Legal Ombudsman.