I have just been advised by my IFA that my Sandown solicitor is not on the lender Conveyancing panel. What can I do to be certain whether this is indeed the case?
The first thing you need to do is to contact your Sandown lawyer directly. You lawyer should notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
How up to date is your search tool for Sandown conveyancing solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Sandown conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
My bid for a property was accepted at auction in Sandown. Conveyancing is needed. What happens now?
Having to in every practical sense signed on the dotted line you now have to find a conveyancing lawyer soon as you are faced with a fast approaching deadline in which to complete the conveyancing. An auction property will have an associated auction pack. This will likely include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding organised to complete on the date specified in the contract.
We have agreed to purchase a house in Sandown. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Santander be concerned?
As you are obtaining a mortgage with Santander your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Santander where a lease fails to comply with these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Sandown.
Completion of my purchase has taken place for my property in Sandown. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
What does commercial conveyancing in Sandown cover?
Commercial conveyancing in Sandown covers a wide range of guidance, given by regulated solicitors, relating to business property. By way of example, this type 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.
I am a couple of weeks into a freehold purchase having been referred to solicitors by the estate agent to do our conveyancing in Sandown. I am am very frustrated with the level of service. Can you you assist me in finding new conveyancers?
A lawyer would have to be very bad in order to consider changing them. Has your mortgage been issued? In the event that it has you need to inform them of the new conveyancer and ensure the offer are re-sent. The conveyancer needs to be on the banks approved list to avoid escalating fees and frustration. That should be your starting point. The search tool should help you find a lender approved conveyancer for your conveyancing in Sandown
Do you have any top tips for leasehold conveyancing in Sandown with the intention of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Sandown can be avoided if you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold information which will be required by the buyers’ conveyancers. If you hold a share in a the Management Company, you should ensure that you are holding the original share document. Organising a new share certificate can be a lengthy formality and slows down many a Sandown home move. Where a duplicate share certificate is necessary, you should approach the company officers or managing agents (if relevant) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s approval? Have you, for example laid down wooden flooring? Sandown leases often stipulate that internal structural alterations or laying down wooden flooring require a licence issued by the Landlord approving such alterations. If you fail to have the approvals in place you should not contact the landlord without checking with your lawyer first. You may think that you are aware of the number of years remaining on your lease but it would be wise to verify this via your lawyers. A buyer’s conveyancer will not be happy to advise their client to where the lease term is less than 75 years. It is therefore important at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale.
I inherited a leasehold flat in Sandown, conveyancing formalities finalised 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Sandown with an extended lease are worth £260,000. The ground rent is £45 invoiced annually. The lease finishes on 21st October 2097
You have 74 years left to run the likely cost is going to span between £8,600 and £9,800 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.