My IFA requires my Copthorne law firm’s panel member for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have contacted my local Copthorne branch but they don't know it.
The sensible thing to do is ask for this information from your Copthorne solicitor . They should have a central record lender panel numbers.
I am the registered owner of a freehold house in Copthorne yet charged rent, why is this and what is this?
It is rare for properties in Copthorne and has limited impact for conveyancing in Copthorne but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Copthorne I like with open areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Copthorne in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will likely be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I have been pointed in your direction by numerous property agents in Copthorne to select a conveyancer on your site. Is there a financial inducement for Estate Agents to offer your site over and above alternative conveyancing organisations?
We refuse to make any referral fee for directing people to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
In my capacity as executor for the estate of my uncle I am selling a house in Cardiff but I am based in Copthorne. My conveyancer (based 200 miles from meneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Copthorne to attest this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are Copthorne based
My wife and I are purchasing a 2 bedroom flat in Copthorne. At the time of instructing our conveyancer, they said that they were on all major UK mortgage company panels. Our mortgage broker called today to say that they are not on the Nationwide approved list. If it turns out to be true, what should we do? Should we simply choose a different conveyancer that is on their panel or should we cover the costs for separate representation, with Nationwide selecting their own preferred property lawyer.
Where you are purchasing a property needing a mortgage it is conventional for the purchaser’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's list of approved lawyers. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict conditions which the lawyer has to fulfill. Some building societies now insist their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should call Nationwide to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Nationwide's conveyancing panel as you are at liberty to use your preferred Copthorne lawyers, in which case it will likely add costs, and it may delay matters as you have another set of people involved.