We note that you have a post code search directory identifying firms on the UBS conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Calstock?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Calstock.
What happens if my solicitor is removed from the Principality Solicitor panel ahead of completing my conveyancing in Calstock?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
My wife and I are buying a apartment in Calstock. It might be a silly question but how we can trust a solicitor? At some point we will need to send our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had appointed solicitors based in Calstock on the Clydesdale solicitor approved list. They have just invoiced me a supplemental charge for handling the Clydesdale mortgage. Is this an additional conveyancing fee specified by Clydesdale?
Unfortunately, as long as it is in their Terms and Conditions or estimate then yes your solicitor can levy a fee for this. This fee is not dictated by Clydesdale but by your Calstock conveyancing practitioner. Numerous firms on the Clydesdale panel will quote an ‘acting for lender’ fee but many practices incorporate it on their overall fee.
My wife and I are in the process of viewing apartments in Calstock and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a home loan with Nottingham.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are seeking a mortgage with Nottingham, make sure you remember to check that your lawyer is on the Nottingham conveyancing panel.
I am intent on selling our property in Calstock and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a factory type conveyancing practice rather than a conveyancing solicitor in Calstock. Having lived in Calstock for 4 years we know of no issue. Is it a good idea to contact our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
Due to the input of my in-laws I had a survey completed on a property in Calstock prior to retaining solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some lenders will refuse to give a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Calstock. Conveyancing may be slightly more expensive based on your lender's requirements.
What makes a Calstock lease unacceptable for security purposes?
Leasehold conveyancing in Calstock is not unique. All leases are drafted differently and drafting errors can result in certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
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Service charge per centages that don't add up correctly leaving a shortfall Clauses dealing with recovering service charges for expenditure on the building or common parts.
You could encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Santander, The Mortgage Works, and TSB all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to withdraw.
I inherited a basement flat in Calstock, conveyancing was carried out 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Calstock with over 90 years remaining are worth £195,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2089
With only 63 years unexpired the likely cost is going to be between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.