My wife and I are intent on acquiring a maisonette in Silverton. My Solicitor is not on the mortgage company solicitor list. Am I still permitted to retain my Silverton conveyancing solicitor notwithstanding that they are excluded from the mortgage company approved list?
One will need to instruct a lawyer to deal with the legal work required if you take out a mortgage to buy your home. The conveyancer will carry out all the relevant legal checks on the property, ensuring that you’re properly registered as the owner and ensure that all the required mortgage paperwork is dealt with. One may appoint a Silverton property lawyer of your choice. However, if the conveyancer appointed is not on the lender approved list supplemental costs will arise as separate legal representation will be need by the mortgage company. Conveyancing panel applications may be submitted, so if your conveyancer has not in the past applied for membership they should take the chance to apply.
I am assisting my niece sell her house in Silverton. Will the solicitor arrange the energy performance certificate or should I organise this?
After the abolition of HIPs, energy assessments was kept a required component of selling a house. An energy performance certificate must be to hand before the property is advertised. It is not something that law firms normally arrange. If you are instructing a Silverton conveyancing practitioner they may be willing to arrange energy performance certificates due to their relationships with reputable local accredited person
Is it the case that all Silverton CQS (Conveyancing Quality Scheme) solicitors are on the Coventry BS conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
Last month we had a mortgage agreed in principle with Nottingham. Silverton conveyancing lawyers are chosen. What is the average time that one could expect to receive a mortgage offer from Nottingham?
Some lenders take longer than others. Have Nottingham completed the survey? Have you informed Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
four months have elapsed since my purchase conveyancing in Silverton took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Silverton is the location of the property. Can you offer any guidance?
Flying freeholds in Silverton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Silverton you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Silverton 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 residence.
I am looking to sell my house. My past conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Silverton if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Silverton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I’m about to sell my garden flat in Silverton. Conveyancing is yet to be initiated, but I have recently had a yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual as all ground rent and service charges should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a basement flat in Silverton, conveyancing having been completed April 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Silverton with an extended lease are worth £255,000. The ground rent is £45 yearly. The lease terminates on 21st October 2093
You have 73 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other 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 based on this information before seeking the advice of a professional.