My lawyer in Thornton Heath has never been on on the Yorkshire Building Society Solicitor Panel. Can I still retain my prefered solicitor notwithstanding that they are not on the Yorkshire Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your preferred Thornton Heath lawyers but Yorkshire Building Society will need to retain a conveyancer on their list of acceptable firms. This will result in additional overall conveyancing fees and result in frustration.
- Choose a new lawyer to act in the conveyancing, remembering to check they are Yorkshire Building Society approved.
- Try to convince your Yorkshire Building Society based solicitor to try to join the Yorkshire Building Society panel
We are downsizing from our home in Thornton Heath and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the buyers instructed a national conveyancing practice rather than a conveyancing solicitor in Thornton Heath. We have lived in Thornton Heath for 4 years we know that this is a non issue. Should we get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Thornton Heath. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Thornton Heath
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I am looking for a ground for flat up to £195,000 and identified one near me in Thornton Heath I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Thornton Heath suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
We are 3 weeks into a residential purchase having been referred to a firm by the local agent to handle our conveyancing in Thornton Heath. I am am very frustrated with the quality of service. Can you help me find new solicitors?
They would have to be very bad in order to consider replacing them. Has your mortgage been generated? If so you must make them aware of the new contact details and have the loan are re-issued. The conveyancer should be on the lenders panel to avoid escalating charges and complications. That should be your first question of the new conveyancers. Our find a solicitor tool can assist you in finding a lender approved lawyer for your home move in Thornton Heath
One month into purchasing a residence in Thornton Heath. Conveyancing solicitor has told us the property is "Leasehold". Should this make a difference on the salability of the property?
Thornton Heath conveyancing does not usually involve leasehold houses. The key consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's essentially freehold, so it shouldn't impact the marketability significantly.
At the other extreme, if it's, say, fifty five years it is bound to have a adverse effect on the saleability, and probably wouldn't be mortgageable. The length of lease and ground rent will be stated in the lease to be supplied to your solicitor.