The Selsdon conveyancing firm that I recently instructed on my purchase in Selsdon have without warning shut down. I chose them because I had to have a lawyer on the Coventry BS conveyancing panel and my preferred Selsdon lawyer was not. I paid them funds on account. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I am helping my step-mother sell her property in Selsdon. Does the conveyancer arrange the energy performance certificate or it is for the owner to coordinate?
After the abolition of HIPs, energy assessments was maintained a compulsory component of selling a house. An energy assessment needs to be to hand in advance of the property being placed on the market. This is not a task that solicitors ordinarily organise. Where you are instructing a Selsdon conveyancing lawyer they might help arrange energy assessments due to their contacts with long established local energy assessors
When it comes to mortgage companies such as Kent Reliance, do Selsdon property lawyers face a yearly amount to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
TSB have agreed my home loan in principle, my bid on a property in Selsdon has been agreed to, what are the next steps?
Your estate agent will need to be informed of your lawyer's details (be sure the conveyancers are on the lender’s panel). Contact TSB or your broker and finish off any appropriate documentation. TSB will sellect a valuer who will get in contact with the selling agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes approximately a week for the mortgage offer to be issued. TSB will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Selsdon.
It has been 2 months following my purchase conveyancing in Selsdon completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to find a conveyancing solicitor for residential conveyancing in Selsdon. I happened to stumble upon a web site which appears to be the perfect solution If there is a chance to get all formalities done via phone that would be ideal. Should I 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?
I've found a house that appears to be perfect, at a reasonable price which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Selsdon. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Selsdon ?
Most houses in Selsdon are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Selsdon so you should seriously consider shopping around for a Selsdon conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to conduct alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is located on an estate. Your lawyer should appraise you on the various issues.
I am the leaseholder of a basement flat in Selsdon. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
if there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Selsdon flat is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case was in relation to 6 flats. The remaining number of years on the lease was 78.32 years.
My offer on house in Selsdon was accepted, but there is a chain. The sellers have offered on a property, but it’s not yet tied up, and has viewings of other flats in the pipeline. I have chosen a local conveyancing lawyer in Selsdon. What should be my next step? At what point should I apply for the mortgage with Coventry BS?
It is standard to have apprehensions where there is an associated chain given your reluctance to be too out of pocket prematurely (home loan application is approx £1k, then survey, Selsdon conveyancing search costs, etc). First, you should check that your conveyancing practitioner is on the Coventry BS conveyancing panel. Regarding the next stages this very much dictated by the uniqueness of your transaction, desire for this property and on the state of the market. In a buoyant market some purchasers would apply for the mortgage with Coventry BS and pay for the valuation and only if it comes back ok would they pay their property lawyer to press on with searches.