I am hoping to receive a offer of a home loan from Lloyds. I would like to instruct a Licensed Conveyancer in Cheddleton. Does the Lloyds Solicitor panel allow for Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Have just purchased a repossessed house at auction in Cheddleton. Conveyancing is necessary. What are my next steps?
Given that you have now exchanged you will need to hire the services of a conveyancing practitioner quickly as you now have a pending a fixed date to complete the transaction. An auction property will ordinarily have an associated auction set of papers. This should include evidence of title and search results. Where you are dealing with leasehold property the legal pack may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You must give this to the lawyer working for you at the earliest opportunity. Do make sure that your finances are in place to complete on the on the contractual date .
Is it the case that all Cheddleton solicitor firms on the Kent Reliance conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be governed by the SRA. Many banks do permit licenced conveyancers on their panel in which case such organisation would be governed by the Council of Licensed Conveyancers.
Planning on purchasing a house in Cheddleton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cheddleton conveyancing practitioner is on the TSB conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Cheddleton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Cheddleton
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Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are surveyor prepared.
How does the Landlord & Tenant Act 1954 impact my business offices in Cheddleton and how can your lawyers assist?
The 1954 Act provides a safeguard to commercial tenants, giving them the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Cheddleton
I am a couple of weeks into a freehold purchase having been directed to solicitors by the estate agent to do our conveyancing in Cheddleton. I am am very frustrated with the quality of service. Can you help me find new solicitors?
A solicitor would have to be very bad to suggest replacing them. Has your loan offer been generated? If so you must inform them of the new contact details and have the loan are issued to the new lawyers. Your conveyancer should be on the lenders approved list to avoid supplemental costs and complications. So that should be your starting point. Our search tool should help you find a bank approved lawyer for your home move in Cheddleton
I am a negotiator for a busy estate agency in Cheddleton where we have witnessed a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Cheddleton conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the registered owner of a studio flat in Cheddleton, conveyancing was carried out 8 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Cheddleton with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease finishes on 21st October 2085
You have 61 years remaining on your lease we estimate the price of your lease extension to range between £18,100 and £20,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.