How up to date is your database of Tetbury solicitors on the Barclays conveyancing panel? Do Barclays send you an updated list?
Tetbury conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
A relative pointed out to me me that in buying a property in Tetbury there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Tetbury which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Tetbury should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Tetbury. A rare aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Clydesdale your lawyer must comply with the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for Clydesdale. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and lawyers are required to report to Clydesdale where a lease does not satisfy these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Tetbury.
Completion of my purchase has taken place for my property in Tetbury. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Various online forums that I have visited warn that are a common reason for stalling in Tetbury conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Tetbury.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Tetbury is the location of the property. Can you offer any advice?
Flying freeholds in Tetbury are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tetbury you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tetbury may ascertain 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 property.
What advice can you give us when it comes to appointing a Tetbury conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Tetbury conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Tetbury conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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How familiar is the firm with lease extension legislation? If they are not ALEP accredited then why not?
I purchased a 1st floor flat in Tetbury, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Tetbury with a long lease are worth £201,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2091
With only 65 years left to run we estimate the price of your lease extension to span between £13,300 and £15,400 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
My husband and I are FTB’s just having agreed a price on a property in Tetbury, and are now looking to get solicitors instructed. We have made use of the various comparison tools and the fee estimates are from all across the England and Wales. Is it advisable to have a Tetbury solicitor local to our prospective house? I am fine to do all the communicating electronically, but I am thinking at some stage we will need to visit the lawyer's office to sign documents?
The property lawyer does not need to be in Tetbury, but choosing local means that you have the option to go in if you need to, for instance, if a signature is immediately necessary. Furthermore, a Tetbury solicitor have established relationships with local agents and (if the vendor has chosen a local conveyancing practitioner) with them, which should help keep things moving faster.