Unfortunately I am unable to travel far from South Brent. Is there a reason why all South Brent property lawyers are not on all mortgage company panels?
Banks tend to restrict either the type or volume of conveyancing solicitors on their approved list of lawyers. Frequent examples of such restriction(s) being that the firm needs to have at least two partners. As well as restricting the structure of firm, some have decided to restrict the number of conveyancers they permit to act for them. You should note that building societies have no liability for the accuracy of advice given by any South Brent lawyer on their approved list. Increases in mortgage fraud was the key driver in the rationalisation of solicitor panels from 2008 notwithstanding that there are opposing opinions about whether solicitors sat at the center of that fraud. Statistics published by HMLR reveal that thousands of conveyancing firms only conduct a couple of conveyances annually. Those advocating conveyancing panel cuts question why law firms should have the right to be listed on a bank panel when clearly property law is not their primary expertise?
Finally the sale completed on my house in South Brent last November but the buyer keeps e-mailing me complaining that her lawyer needs to hear from mine. What should my lawyer have done following completion?
Post completion of your house sale your solicitor should deliver the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also confirm that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion formalities specific conveyancing in South Brent.
I opted to have a survey completed on a house in South Brent in advance of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some lenders tend refuse to grant a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in South Brent. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Brent to see if the conveyancing costs will increase in light of this.
Hoping to buy a property located in South Brent and I am already nervous. I couldn't find anything specific about South Brent. Conveyancing will be needed in due course but do you know about the South Brent area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at South Brent. In the meantime here are some basic statistics that we found
All being well we will complete the sale of our £200,000 maisonette in South Brent in 10 days. The freeholder has quoted £396 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in South Brent?
South Brent conveyancing on leasehold apartments usually results in administration charges invoiced by management companies :
Answering pre-contract enquiries
Where consent is required before sale in South Brent
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a 1 bedroom flat in South Brent, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in South Brent with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease finishes on 21st October 2079
With 59 years unexpired we estimate the price of your lease extension to span between £20,900 and £24,200 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply 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 concerns 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 before getting professional advice.
My father-in-law mentioned that before choosing a conveyancing solicitors they need approved by your lender. I am a FTB but I have an AIP with Nat West Bank and I already have a local conveyancing lawyer in South Brent at the ready. Does Halifax insist on an approved lawyer to be selected? If so, where do I find that list for my conveyancing in South Brent?
You should use a solicitor that is on the Halifax panel. Simply telephone your preferred South Brent conveyancing solicitor and ask if they are on the Halifax panel. If they are not on the panel you have a number of options available to you here:
- Carry on with your preferred South Brent solicitor but Halifax will undoubtedly appoint a conveyancing practitioner from their conveyancing panel. This will result in additional cost together with potential frustration.
- Choose a new lawyer to act in the purchase, ensuring that they are on the Halifax conveyancing panel.
- Appeal to your conveyancer to seek to join the mortgage company panel.