I have just been advised by my IFA that my Thornhill lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
You need to call your Thornhill lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
Having sold my house in Thornhill last November but the buyer keeps telephoning daily to say her conveyancer is waiting to hear from myconveyancer. What should my lawyer have done now that I have sold?
Post completion of your disposal your solicitor is duty bound to deliver the transfer documentation and all additional paperwork to the buyer’s solicitors. Where appropriate, your lawyer must also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There is unlikely to be post completion procedures unique to conveyancing in Thornhill.
Various web forums that I have come across warn that are the number one reason for hinderance in Thornhill conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Thornhill.
I have todaybecome aware that Wolstenholmes have closed. They carried out my conveyancing in Thornhill for a purchase of a freehold house 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Thornhill conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a house in Thornhill in advance of retaining conveyancers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some banks will not issue a mortgage on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Thornhill. Conveyancing will be smoother if you use a solicitor in Thornhill especially if they are familiar with such properties in Thornhill.
Planning to exchange soon on a basement flat in Thornhill. Conveyancing solicitors have said that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Thornhill should include some of the following:
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You should be sent a copy of the lease The physical extent of the premises. This will be the property itself but could also incorporate a roof area or cellar if applicable. You need to be informed what constitutes a Nuisance as far as the lease is concerned What options are open to you if a neighbour is in violation of a provision in their lease? Does the lease prohibit wood flooring?
I invested in buying a garden flat in Thornhill, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Thornhill with a long lease are worth £165,000. The ground rent is £50 charged once a year. The lease ceases on 21st October 2102
With only 77 years unexpired the likely cost is going to range between £7,600 and £8,800 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.