The lawyer who dealt with my previous purchase has given a fee estimate £1700 for no move no fee conveyancing in Potton. I am looking to sell a Victorian property for £250,000. This sounds expensive. Is it in excess of what I should be paying for conveyancing in Potton?
The quote is slightly on the steep side. If you shop around you might decrease the fees marginally by say a hundred pounds. That being said, you couldlive to rue opting for an an unknown solicitor. If is important to enquire the conveyancer can represent your bank. You can use our search tool to get a quote a Potton conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Potton.
How up to date is your database of Potton solicitors on the Yorkshire BS conveyancing panel? Do Yorkshire BS send you an updated list?
Potton conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.
Do the Building Society Association intend to launch a search tool with a view to list law firms on the Loughborough BS conveyancing panel for example in Potton?
We have not been informed any plans on the part of the BSA to develop such a search facility.
We have agreed to purchase a house in Potton. An unusual aspect is that the roof has a solar panel. Virgin Money have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Virgin Money your lawyer must comply with the formal instructions contained in Section 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook stipulates minimum conditions for solar panel roof-space leases, and solicitors are required to report to Virgin Money where a lease fails to satisfy these provisions. The specifications relate to the installation of panels on properties nationwide and is not limited to Potton.
We were going to get a DIP from Coventry BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Coventry BS recommend any Potton solicitors on the Coventry BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Potton solicitors independently although you'll need to choose one on the Coventry BS conveyancing panel. The solicitor represents both you and Coventry BS through the process.
The formalities of my purchase has taken place for my property in Potton. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are resolved very quickly. 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.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. Potton is where the house is located. Is there any guidance you can give?
Flying freeholds in Potton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Potton you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Potton 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.
Last April I purchased a leasehold flat in Potton. Do I have any liability for service charges relating to a period prior to my ownership?
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 be sure 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).
Potton Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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Who takes responsibility for maintaining and repairing the block? The majority of Potton leasehold apartments will incur a service charge for the upkeep of the building set by the freeholder. Should you buy the property you will have to meet this contribution, usually periodically accross the year. This could vary from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a ground rent for you to pay annual, this is usually not a significant sum, say around £50-£100 but you need to check it because occasionally it can be many hundreds of pounds.