I am not in a position to travel far from Brackley. Is there a reason why all Brackley property lawyers are not on all bank panels?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in banks and building societies culling a number of firms off their panel of approved solicitors .
Do the conveyancing lawyers that you recommend conduct conveyancing in Brackley by way of an attended exchange?
There are a few conveyancing experts carrying out attended exchanges. You should contact us to secure a conveyancing quote and details as to availability.
I own a freehold premises in Brackley yet pay rent, why is this and what is this?
It is rare for properties in Brackley and has limited impact for conveyancing in Brackley 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 new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
four months have gone by since my purchase conveyancing in Brackley concluded. 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 premises 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Brackley ahead of retaining conveyancers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brackley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brackley to see if the conveyancing will be more expensive.
In my capacity as executor for the estate of my uncle I am selling a residence in Monmouth but live in Brackley. My conveyancer (based 250 miles awayrequires that I sign a stat dec ahead of completion. Could you suggest a conveyancing lawyer in Brackley who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are located in Brackley