I am getting a offer of a home loan from Halifax. I intend to employ the services of a Licensed Conveyancer in Chinnor. Does the Halifax Solicitor panel allow for conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
we are a couple who are hoping to buy a purpose built flat in Chinnor with a residential mortgage from Leeds Building Society.We would like to retain our Chinnor conveyancing practitioner but Leeds Building Society advised that her practice is not on their approved list of firms. We have to appoint a Leeds Building Society panel lawyer or keep our high street solicitor and pay for a Leeds Building Society panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The home loan issued to you is subject to its various provisions, one of which will be that solicitors must be on the Leeds Building Society approved list. in the past, most lenders had large numbers of law firms on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Leeds Building Society
I used Action Conveyancing several years ago for my conveyancing in Chinnor. Now, I need my files but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Chinnor of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the input of my in-laws I had a survey completed on a property in Chinnor prior to instructing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a premises.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chinnor. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chinnor to see if the conveyancing will be more expensive.
Do you have any advice for leasehold conveyancing in Chinnor from the point of view of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Chinnor can be bypassed where you get in touch lawyers the minute you market your property and request that they start to collate the leasehold information which will be required by the buyers’ solicitors. If you are supposed to have a share in the freehold, you should make sure that you have the original share certificate. Obtaining a replacement share certificate is often a lengthy formality and delays many a Chinnor home move. If a reissued share certificate is needed, you should approach the company director and secretary or managing agents (where applicable) for this sooner rather than later. If you have had conflict with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be reluctant to purchase a property where there is a current dispute. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to present the dispute as over as opposed to unresolved. A minority of Chinnor leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors.
I purchased a ground floor flat in Chinnor, conveyancing having been completed in 1995. Can you work out an approximate cost of a lease extension? Similar flats in Chinnor with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2101
With only 76 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
I pay a maintenance fee for my property in Chinnor. As a result of personal circumstances I fell behind with remittance. I negotiated a payment schedule but there remains a couple of outstanding at the current time.
I am under pressure to sell and I am worried this may jeopardize the sale if I have to settle the arrears in advance. Do I have to settle before - is this practicable?
The lawyer undertaking your Chinnor sale should be able to negotiate with the appropriate parties, and agree with them whether or not they would accept payment from completion monies. Here is indicative of why it is sensible to select a conveyancing practitioner in Chinnor as they may well enjoy an open line of communication with the parties.