Can you point me to a directory of UBS panel conveyancers in Mayfield on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings open the public online. If you are looking for a Mayfield conveyancing practitioner on the UBS please make the most of our tool.
We have agreed to purchase a house in Mayfield. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Bank of Ireland be concerned?
As your lender is Bank of Ireland your lawyer must comply with the formal requirements set out in Section two of UK Finance Lenders’ Handbook for Bank of Ireland. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Bank of Ireland where a lease fails to satisfy these conditions. The requirements relate to the installation of panels on properties nationwide and is not limited to Mayfield.
Completion of my purchase has taken place for my property in Mayfield. Conveyancing was of an acceptable standard 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 point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel 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.
Despite weeks of looking the Title Certificate and documents to my house are lost. The conveyancers who dealt with the conveyancing in Mayfield 4 years ago no longer exist. What are my options?
You no longer need to hold title deeds to establish that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I have been on the look out for a flat up to £235,500 and identified one round the corner in Mayfield I like with a park and railway links nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Mayfield for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
How difficult is it to switch solicitor as I need to retain a firm on the Leeds Building Society conveyancing list. I hired a local conveyancing solicitor in Mayfield five minutes from me but the firm is not approved by Leeds Building Society
It would be our pleasure to help you find a conveyancing solicitor in Mayfield on the Leeds Building Society panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Mayfield. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Mayfield.
I am employed by a reputable estate agency in Mayfield where we have experienced a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Mayfield conveyancing firms. Please can you shed some light as to whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I acquired a 1st floor flat in Mayfield, conveyancing was carried out in 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Mayfield with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2101
You have 76 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.
Do online conveyancing companies cover everything a high street Mayfield solicitor does or do I still need to use a solicitor for the final stages for my conveyancing in Mayfield?
If you choose an online conveyancer they should undertake all the work your Mayfield solicitor will cover.