How do I identify reasonably priced conveyancing in Petersfield?
Option 1 is to ask relatives whom they would instruct.
Option 2 is to use a search tool on the internet for conveyancing in Petersfield. Ring a couple or more firms from the list and ask them to email you their conveyancing estimate and discuss your needs with the solicitor who will handle your legal process ahead ofcommitting.
Option 3 is to make use of this site to assist you in finding the right solicitors taking into account your own requirements including area of the property,timings, complexity and who the proposed lender is. Don't take the bait of low cost conveyancing in Petersfield
When it comes to mortgage companies such as Nottingham, do Petersfield solicitors incur an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
We have a mortgage agreed in principle with Coventry BS. Petersfield conveyancing practitioners have been chosen. How long does it take for Coventry BS to send the offer to the conveyancing practitioner?
There is no definitive answer here. Have Coventry BS completed the valuation? Have you informed Coventry BS as to your lawyers' details and checked that your lawyers are on the Coventry BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am purchasing a property in Petersfield. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Coventry BS be concerned?
Given that you are obtaining a mortgage with Coventry BS your lawyer must follow the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Coventry BS. The CML Handbook contains minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Coventry BS where a lease does not meet these provisions. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Petersfield.
I used Action Conveyancing several years past for my conveyancing in Petersfield. Now, I need the documents however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Petersfield of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the guidance of my in-laws I had a survey completed on a property in Petersfield ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks will not grant a mortgage on such a premises.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Petersfield. Conveyancing will be smoother if you use a solicitor in Petersfield especially if they are accustomed to such properties in Petersfield.
My wife and I purchased a leasehold house in Petersfield. Conveyancing and National Westminster Bank mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Petersfield who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Petersfield conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a studio flat in Petersfield, conveyancing having been completed December 2008. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Petersfield with an extended lease are worth £195,000. The ground rent is £45 invoiced annually. The lease runs out on 21st October 2083
You have 63 years remaining on your lease the likely cost is going to range between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
I purchased a flat in Petersfield last 21/8/2019 and to date it is still not recorded with HMLR. It was part of a development site and my conveyancer told me that it can take over a year to complete the registration formalities. I have contacted the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. What can I do?
It is your lawyer that you should contact in order to satisfy any issues which have arisen as part of the registration process for your Petersfield property. Normal Petersfield conveyancing practice includes an undertaking on the part of the previous owner’s solicitor that they will assist in resolving any question raised by HMLR so it may be a case of taking action to enforce that undertaking in some way.