Am I correct in assuming that the fact that my conveyancer in Belford is not on my bank's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Belford conveyancing practice and ask them why they are no longer on the approved list for your lender.
I purchased a freehold premises in Belford yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Belford and has limited impact for conveyancing in Belford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am purchasing a house and the conveyancer has identified Chancel Repair to which the property could be obligated to pay given it’s proximity to the area of such a church. He has mentioned insurance. Is this strictly required for conveyancing in Belford
Unless a previous acquisition of the property took place after 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in Belford to remain recommending a chancel search and or chancel repair liability policy.
I am looking for a ground for flat up to £245,000 and identified one round the corner in Belford I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Belford in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I need to retain a conveyancing solicitor for residential conveyancing in Belford. I've stumble upon a web site which appears to be the perfect solution If there is a chance to get all formalities done via email that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have been Googling for Belford online conveyancing estimates. Can I be assured that all the Belford practices that are listed on your directory are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the mortgage company panel. To date we have not been informed by either a lender or a member of the public that the data about a specific Belford conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.