My wife and I are about to complete on the purchase of a house in Cheetham Hill but as a result of damage from the recent storms I have managed to agree reparation from the vendor of £2k taking the form of a adjustment in the price. This was going to be dealt with as part of amending the contract but TSB are not allowing this. Why were they notified?
Any lawyer being on a TSB conveyancing panel is obliged to inform TSB of any changes to the purchase price. If you prohibit your property lawyer to notify the reduction to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new conveyancer for your conveyancing in Cheetham Hill.
I am considering remortgaging my flat in Cheetham Hill, does my lawyer have to be on the Skipton Solicitor panel?
In theory, you could use a solicitor that is not on the Skipton conveyancing panel, but Skipton would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
We are buying a apartment in Cheetham Hill. I might seem paranoid but how we can trust a solicitor? At some point we have to send funds into their account. What is the protection 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.
Completion of my remortgage has taken place for my property in Cheetham Hill. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I can not fathom if my mortgage offer requires a lease extension. I have called into my local Cheetham Hill bank branch on a couple of occasions and was told it wasn't a problem and they will lend. My Cheetham Hill conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend based on their published requirements. I simply don't know who is right.
The conveyancing practitioner must comply with the Council of Mortgage Lenders’ Handbook Part 2 provisions 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
We are 14 days into a leasehold purchase having been directed to solicitors by the high street agent to carry out the conveyancing in Cheetham Hill. I am not happy. Can you you assist me in finding new solicitors?
A conveyancer would have to be really poor to suggest replacing them. Has your mortgage been issued? If so you will need to make them aware of the new contact details and have the loan are issued to the new lawyers. Your conveyancer needs to be on the mortgage company panel to avoid added charges and complications. So that should be your first question of the new conveyancers. The search tool will assist you in finding a bank approved conveyancer for your home move in Cheetham Hill
I’m about to sell my basement flat in Cheetham Hill. Conveyancing solicitors are to be appointed soon, however I have just received a quarterly maintenance charge demand – Do I pay up?
It best that you discharge the service charge as you normally would given that all ground rent and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a garden flat in Cheetham Hill, conveyancing formalities finalised in 1998. How much will my lease extension cost? Equivalent flats in Cheetham Hill with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 per annum. The lease expires on 21st October 2093
With only 67 years remaining on your lease the likely cost is going to be between £10,500 and £12,000 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.
How up-to-date is your database of lawyers on the lender conveyancing panel in Cheetham Hill? Do the banks send you an updated list?
Cheetham Hill law firm practices and firms carrying out conveyancing in Cheetham Hill themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the mortgage company directly.