I have just been advised by my financial adviser that my Axbridge solicitor is not on the lender Conveyancing panel. How can I be sure if this is correct?
Your first step should be to contact your Axbridge lawyer directly. You lawyer should inform you what has happened. Where they are not on the panel they may be able to suggest a Axbridge conveyancing firm that is on the conveyancing panel for your bank.
We just had an offer accepted to purchase with Norwich and Peterborough Building Society. We have called around locally but cant to find a Axbridge conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do make use of the find a conveyancing panel solicitor tool on this site. Pick the lender and type Axbridge or your preferred area and you will see a number of lawyer located in Axbridge or near you.
Just acquired a detached house in Axbridge , What is the estimated time for the Land Registry to deal with the formalities evidencing my title? My Axbridge conveyancing solicitor has been painfully slow, so I want to be certain the registration is addressed.
As far as conveyancing in Axbridge is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry must send notices to any third parties. As of today roughly 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs after the new owner is living at the property thus 'speed' is not typically top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor should speak with the land registry and explain the circumstances.
How does conveyancing in Axbridge differ for new build properties?
Most buyers of new build or newly converted property in Axbridge approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because developers in Axbridge tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Axbridge or who has acted in the same development.
My father has encouraged me to instruct his lawyers for conveyancing in Axbridge. Do I follow his recommendation?
There are no two ways about it it’s preferable to find a conveyancing solicitor is to have recommendations from friends or relatives who have actually previously instructed the solicitor that you are considering.
I own a leasehold flat in Axbridge. Conveyancing and Yorkshire Building Society mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1992. The conveyancing practitioner in Axbridge who acted for me is not around. Any advice?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. You do not need to incur the fees of a Axbridge conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a garden flat in Axbridge, conveyancing was carried out in 2012. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Axbridge with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease runs out on 21st October 2078
With only 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.