We are about to complete on the purchase of a property in Whimple but as a consequence of damage from the recent storms I have managed to agree reparation from the owner of six thousand pounds by way of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but Yorkshire BS will not permit this. Should they have been approached?
Your conveyancer being on the Yorkshire BS conveyancing panel is duty bound to disclose to Yorkshire BS of any variations to the sale price. If you prohibit your property lawyer to notify the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new property lawyer for your conveyancing in Whimple.
Are the BSA intent on creating a search tool with a view to to identify firms on the Loughborough BS conveyancing panel for instance in Whimple?
We are not aware of any intention on the part of the BSA to develop such a tool.
Does a directory service exist listing Santander panel solicitors in Whimple on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings available online. If you are seeking to appoint a Whimple conveyancing practitioner on the Santander please make the most of our tool.
I have paid off my mortgage with HSBC. I assume I don't need a Whimple property lawyer on the HSBC panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your HSBC mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the HSBC mortgage from the register. HSBC, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where HSBC has sent the Land Registry the discharge electronically, and
- HSBC has instructed the Land Registry to do so
After much negotiation I have agreed a price on a house in Whimple. My financial adviser suggested a conveyancer. I paid an upfront payment of £175. A few days later, the conveyancer 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 used Action Conveyancing several years ago for my conveyancing in Whimple. I now require my papers however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Whimple of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Whimple is the location of the property. What do you suggest?
Flying freeholds in Whimple are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whimple 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 Whimple may decide 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 residence.
I’m about to sell my basement flat in Whimple. Conveyancing lawyers have not yet been instructed, however I have recently had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as normal as all ground rent and service invoices should be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a basement flat in Whimple, conveyancing having been completed August 1996. Can you work out an approximate cost of a lease extension? Equivalent flats in Whimple with an extended lease are worth £165,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2102
With only 77 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.