I am hoping to receive a offer of a home loan from Nat West. I intend to instruct a Licensed Conveyancer in Radford. Does the Nat West Solicitor panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are purchasing a flat in Radford. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to deposit funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am purchasing a 4 bedroom semi-detached house in Radford. We would like to carry out a loft conversion at the house.Will legal due diligence on the property involve checks to ascertain if these alterations were previously refused?
Your solicitor will review the deeds as conveyancing in Radford can on occasion reveal restrictions in the title deeds which prohibit certain changes or require the consent of another owner. Many works require local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
Intending to buy a maisonette in Radford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB 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 Radford property lawyer is on the TSB conveyancing panel.
I am close to exchanging contracts on the sale of our property in Radford and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the buyers instructed a nationwide conveyancing outfit rather than a conveyancing solicitor in Radford. Having lived in Radford for three years we know that this is a non issue. Do we contact our local Authority to seek clarification need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Is it possible to change conveyancer as I have to retain a firm on the The Mortgage Works conveyancing panel. I was using a local conveyancing solicitor in Radford five minutes from me but the firm is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Radford on the The Mortgage Works panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Radford. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Radford.
I need to find a conveyancing solicitor for freehold conveyancing in Radford. I have discover a site which appears to be the ideal offering If there is a chance to get all formalities done via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Last April I purchased a leasehold house in Radford. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner 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).
I acquired a split level flat in Radford, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Radford with an extended lease are worth £180,000. The ground rent is £65 per annum. The lease ends on 21st October 2084
With just 59 years unexpired we estimate the premium for your lease extension to range between £20,900 and £24,200 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.