I had intended to instruct a property lawyer in Moreton for our house move. Our broker has since notified us that our bank Alliance & Leicester won't deal with them. Why is this not regarded as unfair competition?
A mortgage company can insist on a panel solicitor act for it. You would be expected to bear the cost of this. Do use our directory service to select a solicitor to conduct conveyancing in Moreton on the Alliance & Leicester conveyancing panel.
I just bought a flat at auction in Moreton. Conveyancing is needed. What is next?
Having to in every practical sense signed on the dotted line you should choose a conveyancing solicitor soon as you now have a tight deadline in which to complete the transaction. All auction property should have a corresponding auction pack. This should include most,if not all of the paperwork that your solicitor requires. Where you are dealing with leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that you have funds in order to complete on the date specified in the contract.
This question may be naive but I am new to the home moving as FTB of a ground floor flat in Moreton. Do I collect the keys to the house on the completion date from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Moreton?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the seller's conveyancers, and once they have received this, you will be called to receive the keys from the property Agents and move into your new home. Usually this occurs early afternoon.
Planning on purchasing a flat in Moreton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Moreton conveyancing practitioner is on the Nottingham conveyancing panel.
It has been 4 months following my purchase conveyancing in Moreton completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
We are 14 days into a leasehold purchase having been recommend to conveyancers by the local agent to carry out the conveyancing in Moreton. I am am very dissatisfied with the level of service. Could you you assist me in finding new lawyers?
They would need to be really bad to suggest diss instructing them. Has your mortgage offer been generated? If so you must advise them of the replacement conveyancer and get the mortgage documents are re-issued. Your new conveyancer needs to be on the banks panel to avoid added fees and frustration. So that should be your first question of the new conveyancers. Our search tool can assist you in finding a bank approved solicitor for your home move in Moreton
Last November I purchased a leasehold flat in Moreton. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a leasehold flat in Moreton, conveyancing having been completed 6 years ago. Can you work out an approximate cost of a lease extension? Corresponding flats in Moreton with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease ends on 21st October 2088
With just 63 years left to run we estimate the price of your lease extension to be between £16,200 and £18,600 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
My parents are encountering problems in finding their Moreton property on the HM Land Registry online search facility. They have a vague recollection 48 years ago when they bought the bungalow there were complications with Moreton not being identified on some systems.
The vast majority of properties in Moreton should be revealed. Have you limited your search to just the postcode. Normally it will identify all the properties within the postcode. Assuming the property is registered it will be there with a title number. Where they bought back in the 60’s it's conceivable it may be unrecorded. The property could still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s bank.