What happens if my solicitor is expelled from the Principality Conveyancing panel ahead of completing my conveyancing in Tiverton?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Is it the case that all Tiverton solicitor firms on the UBS conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the UBS approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
I am buying a property in Tiverton. An unusual aspect is that the roof has a solar panel. Santander 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 Santander your lawyer must check the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook sets out minimum provisions for solar panel roof-space leases, and lawyers are required to report to Santander where a lease does not comply with these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not limited to Tiverton.
After much negotiation I have agreed a price on a house in Tiverton. My financial adviser suggested a conveyancer. I paid an on account payment of £150. Not long after, the property lawyer called me embarrassingly acknowledging that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require fast conveyancing in Tiverton as I have pressure to complete within one month. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at free not to have searches conducted although no lawyer would suggest that you don't. With lots of history conveyancing in Tiverton the following are instances of what can show up and therefore impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
Just had an offer accepted on a new build flat in Tiverton. Conveyancing is necessary evil 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.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Tiverton
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. 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.
I decided to have a survey carried out on a property in Tiverton in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies may not give a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tiverton. Conveyancing will be smoother if you use a solicitor in Tiverton especially if they are acquainted with such properties in Tiverton.
What are your top tips when it comes to finding a Tiverton conveyancing firm to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Tiverton conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Tiverton 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:
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How experienced is the practice with lease extension legislation? If they are not ALEP accredited then what is the reason?
I bought a studio flat in Tiverton, conveyancing was carried out 8 years ago. How much will my lease extension cost? Similar properties in Tiverton with an extended lease are worth £165,000. The ground rent is £50 per annum. The lease finishes on 21st October 2101
You have 77 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 as well as costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.