Me and my fiance are intending to purchase a 1 bedroom apartment in Burbage with a mortgage. We have a Burbage lawyer, but the lender says he's not on their "panel". We have to appoint one of the lender panel firms or continue with our Burbage property lawyer and pay for one of their panel ones to represent them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer 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. Another option that might be available is for your Burbage conveyancing lawyer to apply to be on the conveyancing panel.
I have given 2 months notice to my existing landlord and must be out of my rented property in Burbage by the end of next month. Conveyancing on my purchase is progressing. Can I complete in a couple of weeks as don't want to have to find short term accommodation?
It is unwise to serve notice for your lease until you have exchanged. Assuming that you have not already done so, update to your solicitor and ask them to they seek the assistance the owners solicitors, try to a target completion date that everyone will work to achieve
We are due to move house in March. Should my conveyancing solicitor call the removal company on the day of completion. Incidentally, can you put forward a removal company in Burbage. Conveyancing solicitor was chosen before I stumbled across your page.
On the day of completion you will need to collect the keys from the selling agent but this should only occur when the previous owners solicitors confirm to the agent that the monies to complete are in and the keys can be handed over. Subsequently you will need to inform the removal men that you are ready to move in. As a matter of policy we do not suggest a particular removal company but can assist you in locating a residential property solicitor in Burbage or a firm that specialises in conveyancing in Burbage.
is it true that all Burbage conveyancing solicitors on the Kent Reliance conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Kent Reliance conveyancing panel they would need to be governed by the SRA. Many mortgage companies do permit licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
It is unclear whether my bank requires a lease extension. I have called my Burbage building society branch on numerous occasions and was advised it wasn't an issue and they will lend. My Burbage conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they will not lend in accordance with their specific requirements. Who do I believe?
Your property lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
It has been 2 months since my purchase conveyancing in Burbage completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Burbage I like with amenity areas and station nearby, however it's only got 61 years unexpired on the lease. There is not much else in Burbage suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I have been sourcing a conveyancing practitioner in Burbage for my house move. Is it possible to check a solicitor's complaints history with the profession’s regulator?
One may search for published Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Visit Check a solicitor's record. To find 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. International callers, dial +44 (0)121 329 6800. The SRA could monitor call for training requirements.