Much to our surprise we have been notified by our lender that my Port Isaac lawyer is not on the mortgage company Solicitor panel. How can I be certain that this is indeed the case?
The first thing you need to do is to contact your Port Isaac conveyancer. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they may be able to suggest a Port Isaac conveyancing practice that is on the conveyancing panel for your mortgage company.
Can your site be used to recommend a Conveyancing solicitor in Port Isaac even where I’m not buying or selling a house, for instance if I wish to buy a shop in Port Isaac with a loan from Barclays Direct?
The service is mainly used to get a quote from residential conveyancing solicitors in Port Isaac but we have set out at the bottom of this page a selection of Port Isaac commercial conveyancing firms. You should make contact with the company directly to check if they can also act for Barclays Direct
I am aiming to move house in June. Will my conveyancing solicitor update the removal company on the completion day. On a separate note, can you put forward a removal company in Port Isaac. Conveyancing lawyer was chosen before I stumbled across this website.
On the afternoon of completion you can pick up the house keys from the estate agent but this can only be done after the sellers lawyers inform the agent that the monies to complete are in and the keys can be given over. You will need to inform the removal company that they can start moving you in. We are not in a position to suggest a particular removal company but can assist you in finding a conveyancing in Port Isaac or a lawyer with expertise in conveyancing in Port Isaac.
I am purchasing a property in Port Isaac. One unusual aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Nottingham your lawyer must follow the formal requirements set out in Part two of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook includes minimum specifications for solar panel roof-space leases, and lawyers are required to report to Nottingham 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 isolated to Port Isaac.
I currently have a mortgage with Nationwide for my property in Port Isaac. Conveyancing has been completed months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nationwide?
Your original mortgage agreement with Nationwide will provide that you need their approval prior to renting your property as this is likely to be a breach of Nationwide’s mortgage conditions. It may be that Nationwide will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nationwide directly. You need not do this via a Nationwide conveyancing panel solicitor.
What does commercial conveyancing in Port Isaac cover?
Commercial conveyancing in Port Isaac incorporates a broad array of advice, supplied by regulated solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My wife and I purchased a leasehold flat in Port Isaac. Conveyancing and Accord Mortgages Ltd mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Port Isaac who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Port Isaac conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a split level flat in Port Isaac, conveyancing was carried out August 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Port Isaac with an extended lease are worth £197,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2080
You have 55 years unexpired the likely cost is going to be between £31,400 and £36,200 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive 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 clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
20 days into a sale of a flat in Port Isaac. Conveyancing solicitors are doing their job but we are being charged an extortionate amount by the freeholder. So far we have paid £250 for a leasehold management pack and then a further £117.20 for answers to questions raised by the buyers lawyer.
You will not have any say over the level of the charges for this information but the typical fee for the information for Port Isaac leasehold property is £350. For Port Isaac conveyancing sales it is conventional for the vendor to pay for these charges. The freeholder or their agents are not duty bound to address these questions most will agree to do so - albeit often at exorbitant prices out of proportion to the work involved. Unfortunately there is no statute that mandates fixed fees for administrative tasks. There is no legal time frame by which they are obliged to provide answers.