Do the Building Society Association intend to launch a online directory to to identify law firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Portland?
We have not been informed any intention on the part of the BSA to promote such a register.
is it true that all Portland solicitors on the Barclays conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Barclays approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel and in such a situation the firms would be regulated by the CLC.
My wife and I have organised the release of further funds on our home loan from Co-operative as we want to carry out a loft conversion to our house in Portland. Are we obliged to appoint a nearby Portland solicitor on the Co-operative conveyancing panel to handle the paperwork?
Co-operative would not normally require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative panel.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Portland bank branch on various occasions and was told it wasn't an issue and they will lend. My Portland conveyancing solicitor - who is on the bank conveyancing panel- called and was told they will not lend based on their specific requirements. Who do I believe?
Provided that the solicitor is on the lender approved list, she or he must follow the CML Handbook specifications for the lender. 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I have recentlybecome aware that Action Conveyancing have been shut down. They carried out my conveyancing in Portland for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Portland conveyancing specialists.
I am buying a new build flat in Portland. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Portland
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Portland is the location of the property. What do you suggest?
Flying freeholds in Portland are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Portland you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Portland may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Is it true that a Portland conveyancing firm taken to court by clients for failing to conduct comprehensive conveyancing investigations?
We are not aware of such a Portland conveyancing matter but according to a recent report, a couple buying a property elsewhere in England successfully sued their conveyancer as a consequence of development plans to construct a wind farm not being identified in conveyancing searches.
If you are thinking of buying a home in Portland It is critical that your lawyer carry out all Portland conveyancing searches required making sure that you have relevant and up to date information ahead of purchasing a home in Portland.