I instructed a high street solicitor for our conveyancing in Bangor recently. Going through the terms of engagement I seewe are on the hook for fees even if the sale aborts. Should I ditch them and appoint an on-line lawyer promoting no completion no charge conveyancing in Bangor?
Generally there is a concession along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be more expensive to offset the conveyances that fail to complete. You should be mindful that such offerings tend not to protect you from disbursements by way of example Bangor conveyancing search charges.
Finally the sale completed on my house in Bangor last June yet the purchaser is telephoning daily complaining that his conveyancer is waiting to hear from mine. What should have happened now that I have sold?
Following your house sale your solicitor is committed to send the transfer deeds and all supplemental paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also send confirmation that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There are no post completion requirements peculiar conveyancing in Bangor.
Do the Building Society Association intend to launch a online directory to to identify practices on the Coventry BS conveyancing panel for example in Bangor?
We are not aware of any plans on the part of the BSA to promote such a register.
I am expecting a DIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Bangor solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Bangor solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I have paid off my mortgage with Santander. I assume I don't need a Bangor lawyer on the Santander panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander 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 Santander mortgage from the register. Santander, 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 Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
I am due to exchange contracts on my flat. I had a double glazing fitted in April 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Bank of Ireland are being pedantic. The Bangor solicitor who is on the Bank of Ireland conveyancing panel is saying indemnity insurance will be fine but Bank of Ireland are insisting on a building regulation certificate. Why do Bank of Ireland have a conveyancing panel if they don't accept advice from them?
It is probably the case that Bank of Ireland have referred the matter to their valuer. The reason why Bank of Ireland may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase a new build flat in Bangor. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bangor
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Bangor I like with open areas and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Bangor suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.