My financial adviser has requested my Turvey solicitor’s panel member for the Nationwide conveyancing panel. How do I find this out. I have tried my local Turvey branch but they don't know it.
You are best placed to get this information from your Turvey lawyer . They maintain a central record lender panel numbers.
We are nearing an exchange on a property in Turvey and my parents have sent the exchange deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is duty bound to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
How can we know in advance if a Turvey conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Turvey seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your conveyancing.
It is not clear whether my bank requires a lease extension. I have telephoned my Turvey building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Turvey conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they will not lend based on their published requirements. Who do I believe?
Provided that the conveyancer is on the lender panel, they must follow the Council of Mortgage Lenders’ Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Intending to buy a maisonette in Turvey. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Turvey solicitor is on the Bank of Ireland conveyancing panel.
Is it best to choose a Turvey conveyancing practitioner in close proximity to the house I am purchasing? An old friend can deal with the legal work however his firm is located 400miles away.
The benefit of a high street Turvey conveyancing firm is that you can pop in to execute paperwork, deliver your identification documents and pester them where appropriate. Having local Turvey know how is a bonus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were content that must outweigh using an unknown Turvey conveyancing lawyer just because they are Turvey based.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Turvey. Conveyancing advisers have not yet been appointed. Will they explain the issues?
Most houses in Turvey are freehold rather than leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are buying in Turvey in which case you should be shopping around for a Turvey conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the upkeep of the estate where the property is part of an estate. Your solicitor should appraise you on the various issues.
I inherited a split level flat in Turvey, conveyancing was carried out in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Turvey with a long lease are worth £175,000. The ground rent is £65 charged once a year. The lease ceases on 21st October 2083
With just 58 years unexpired the likely cost is going to range between £23,800 and £27,400 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
I acquired a flat in Turvey last 29/2/2024 and to date it is still not recorded with the Land Registry. It is part of a new estate and my property lawyer told me that it can take 12 months to complete the registration formalities. I have spoken with HM Land Registry directly and they have informed me the original application was cancelled due to questions not being addressed in time. What can I do?
Call your lawyer - Where you are unsatisfied with the responses, enquire as to their internal complaints protocol and escalate your concerns to a Partner. Registrations for Turvey conveyancing are not known to be particularly slow.