My partner and I are planning to acquire a home in Alrewas and are in fact using a Alrewas conveyancing firm. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Barclays Direct have this afternoon contacted us to inform me that there is now an issue as our Alrewas lawyer is not on their conveyancing panel. Please explain?
If you are buying a property with the assistance of a mortgage it is usual for the purchasers' solicitors to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Alrewas lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Can the conveyancing lawyers that you recommend execute conveyancing in Alrewas by way of an attended exchange?
We do have a number of conveyancing specialists carrying out 24hr exchanges. You should call us to obtain a fee calculation and details as to availability.
Completed the sale of my flat in Alrewas last June yet the purchaser is SMS messaging me to say her conveyancer needs to hear from mine. What are the post completion sale formalities now that I have sold?
Following your sale your conveyancer is committed to forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also confirm that the home loan has been redeemed to the buyers lawyers. There are no post completion steps specific conveyancing in Alrewas.
Despite weeks of looking the Title Certificate and documents to our property are lost. The lawyers who dealt with the conveyancing in Alrewas 4 years ago no longer exist. What are my options?
These day there are duplicates made of almost everything, and your conveyancer will know precisely where to locate all the appropriate paperwork so you may buy or sell your house without any difficulty. Where duplicates are not available, your lawyer may be able to put in place insurance or indemnities against future claims on the property.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Alrewas is the location of the property. What do you suggest?
Flying freeholds in Alrewas are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Alrewas you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Alrewas may ascertain 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 premises.
I am in need of some leasehold conveyancing in Alrewas. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Alrewas - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a 1 bedroom flat in Alrewas, conveyancing was carried out October 1998. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Alrewas with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2079
With only 54 years left to run we estimate the price of your lease extension to span between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.