My husband and I are buying a 1 bedroom flat in Broughton Astley with a mortgage. We have a Broughton Astley lawyer, but the lender advise she’s not on their "panel". It seems we have no option but to instruct one of the bank panel firms or retain our Broughton Astley solicitor and pay for one of their panel ones to represent them. We feel that this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Broughton Astley conveyancing solicitor to apply to be on the conveyancing panel.
Completed the sale of my flat in Broughton Astley last April but the buyer keeps whats apping me complaining that his conveyancer is waiting to hear from myconveyancer. What should have happened now that I have sold?
Following your disposal your lawyer is obliged to send the transfer documentation and all additional paperwork to the purchaser's conveyancer. If applicable, your solicitor must also evidence that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There are no post completion steps peculiar conveyancing in Broughton Astley.
I am purchasing a flat and need a conveyancing solicitor in Broughton Astley who is on the Bank of Ireland solicitor. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Bank of Ireland in certain locations such as Broughton Astley. We dont recommend any particular firm.
I was recommended by numerous selling agents in Broughton Astley to choose a property lawyer on your site. What’s the financial incentive for Estate Agents to promote your lawyers over a competitor’s?
We refuse to give any referral fee for pointing buyers and sellers our way. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am looking for a conveyancing solicitor in Broughton Astley for my sale. Is it possible to review a firm’s record with the legal regulator?
You can find published Solicitor Regulator Association (SRA) determinations arising from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could recorded telephone calls for training reasons.
Frank (my husband) and I may need to rent out our Broughton Astley basement flat for a while due to taking a sabbatical. We used a Broughton Astley conveyancing firm in 2004 but they have since shut and we did not think at the time get any guidance as to whether the lease permits subletting. How do we find out?
The lease dictates relations between the landlord and you the leaseholder; in particular, it will indicate if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. Most leases in Broughton Astley do not contain subletting altogether – such a provision would undoubtedly devalue the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
I invested in buying a 2 bed flat in Broughton Astley, conveyancing having been completed in 2006. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Broughton Astley with over 90 years remaining are worth £260,000. The ground rent is £45 per annum. The lease ceases on 21st October 2099
With only 74 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.