My IFA has asked me for my Bowthorpe law firm’s panel member for the HSBC conveyancing panel. What is the best way to find this out. I have contacted my local Bowthorpe office but they cant find it on their system.
Have you tried calling your Bowthorpe lawyer about this?. They should have a central record lender panel numbers.
I am the registered owner of a freehold premises in Bowthorpe yet pay rent, why is this and what is this?
It’s unusual for properties in Bowthorpe and has limited impact for conveyancing in Bowthorpe 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 generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
2 months have elapsed following my purchase conveyancing in Bowthorpe took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a house in Bowthorpe in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies tend refuse to give a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bowthorpe. Conveyancing will be smoother if you use a solicitor in Bowthorpe especially if they are acquainted with such properties in Bowthorpe.
I am looking for a conveyancing lawyer in Bowthorpe for my home move. Is it possible to check a firm’s record with the profession’s regulator?
One may review published Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.
My work colleague mentioned that when selecting a conveyancing lawyer they must be approved by your lender. I am a FTB but I have an offer in principle via Birmingham Midhshires and I already have a high street conveyancing solicitor in Bowthorpe lined up. Can HSBC insist on an approved conveyancer to be used? Does a directory of panel solicitors even exist for my conveyancing in Bowthorpe?
You need to use a solicitor that is on the HSBC panel. Simply ring your chosen Bowthorpe conveyancing lawyer to check if they are on the HSBC panel. If they are not approved you have numerous options available to you here:
- Carry on with your existing Bowthorpe conveyancing practitioner but HSBC will need to use a property lawyer from their approved list. The net result is additional charges and likely delay.
- Choose a fresh conveyancer to conduct the conveyancing, not forgetting to check that they are on the HSBC conveyancing panel.
- Convince your property lawyer to seek to join the bank panel.