My mortgage broker says he needs my Sutton On Sea law firm’s panel member for the Nationwide conveyancing panel. How do I find this out. I have called my local Sutton On Sea office but they have not responded to me.
Have you tried contacting your Sutton On Sea conveyancing practitioner about this?. Most Sutton On Sea law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
My wife and I are approaching an exchange on a house in Sutton On Sea and my parents have transferred the ten percent deposit to my solicitor. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The lawyer is legally required to clarify with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I am planning to acquire a property and need a conveyancing solicitor in Sutton On Sea who is on the Nottingham Building Society approved. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nottingham Building Society in certain locations such as Sutton On Sea. We dont recommend any particular firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Sutton On Sea. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Sutton On Sea
-
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Taking into account that I am about to part with over three hundred thousand on a two bedroom apartment in Sutton On Sea I wish to have a conversation with the solicitor about mytransaction before instructing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you first talking to the solicitor who will be carrying out your conveyancing in Sutton On Sea.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in Sutton On Sea should be the figure that you are charged.
What are your top tips when it comes to choosing a Sutton On Sea conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Sutton On Sea conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Sutton On Sea conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
-
How familiar is the firm with lease extension legislation? Can they put you in touch with clients in Sutton On Sea who can give a testimonial?
I acquired a split level flat in Sutton On Sea, conveyancing formalities finalised October 2001. 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? Corresponding properties in Sutton On Sea with over 90 years remaining are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2105
With just 80 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.