I am hoping to receive a mortgage with Santander. I intend to employ the services of a Licensed Conveyancer in Colwall. Does the Santander Solicitor panel exclude conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Finally the sale completed on my house in Colwall last April but our buyer keeps calling every few hours complaining that their lawyer is waiting to hear from mylawyer. What should have happened following completion?
Following your house sale your conveyancer should send the transfer deeds and all supplemental paperwork to the buyer’s solicitors. If applicable, your solicitor must also confirm that the mortgage has been redeemed to the purchasers lawyers. There are no post completion requirements peculiar conveyancing in Colwall.
I used Wolstenholmes several years ago for my conveyancing in Colwall. I now require my file but the law firm has closed. 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 Colwall of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Colwall I like with a park and railway links nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Colwall in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could 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 term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I need to instruct a conveyancing practitioner in Colwall for my house move. Can I review a firm’s complaints history with the profession’s regulator?
You can search for presented Solicitor Regulator Association (SRA) decisions arising from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, call 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 may recorded call for training purposes.
I am looking at a couple of maisonettes in Colwall which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold apartment in Colwall is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the property. For most purchasers and mortgage companies, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Colwall conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Leasehold Conveyancing in Colwall - A selection of Queries before Purchasing
-
How many of the leaseholders are in arrears for their maintenance charge payments? What restrictions exist in the Colwall Lease? Is there a share of the freehold?