Me and my husband are buying property in Stotfold. My property lawyer is not listed on the lender conveyancing list. Is it possible for me to use my Stotfold conveyancing solicitor even though they are excluded from the mortgage company panel of approved conveyancing solicitors?
Various options include
- Carry on with your preferred Stotfold property lawyer but your mortgage company will need to appoint a conveyancer from their conveyancing panel. This will result in additional fees and likely interruption.
- Appoint a fresh solicitor to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your property lawyer to do everything possible to join the bank’s panel of solicitors
I purchased a freehold premises in Stotfold yet invoiced for rent, why is this and what is this?
It is rare for properties in Stotfold and has limited impact for conveyancing in Stotfold but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am due to move property in March. Will my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you put forward a removal company in Stotfold. Conveyancing solicitor was organised prior to coming across this page.
On the afternoon of completion you will need to collect the house keys from the estate agent however this should only take place when the vendors lawyers advise the agent that they have the completion monies and the keys can be handed over. Subsequently you should tell the removal company that you are ready to move in. We do not recommend a particular removal company but can assist you in choosing a residential property solicitor in Stotfold or a lawyer that specialises in conveyancing in Stotfold.
Is it the case that all Stotfold CQS (Conveyancing Quality Scheme) solicitors are on the Lloyds conveyancing panel?
A selection of banks and building societies now make use of CQS as the kick off point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
When it comes to mortgage companies such as HSBC, do Stotfold lawyers have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Various online forums that I have come across warn that are the primary cause of delay in Stotfold house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any slowing down conveyancing in Stotfold.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one close by in Stotfold I like with open areas and station nearby, the downside is that it only has 61 years on the lease. There is not much else in Stotfold in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
I am searching for an affordable conveyancing lawyer in Stotfold to help me sell my flat. I I am fearful of appointing the wrong one and there's various Stotfold conveyancing firms out there...how do I know which one is best to select?
To fee estimates for your move via conveyancing firms that offers services in Stotfold please make the most of our quote tool.