My solicitor has identified a a legal deficiency with the lease for the apartment we are purchasing in Cottingham. The other side have suggested defective title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the mortgage company is happy with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. The appropriate lender requirements must be adhered to.
Finally the sale completed on my house in Cottingham last August but the buyer keeps calling me to say his lawyer is waiting to hear from myconveyancer. What should my lawyer have done following completion?
After completion of your disposal your lawyer should deliver the transfer deeds and all of the paperwork to the buyer’s conveyancer. If applicable, your lawyer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion formalities peculiar conveyancing in Cottingham.
Despite weeks of looking the Title Certificate and documents to my property are lost. The conveyancers who handled the conveyancing in Cottingham 5 years ago no longer exist. What are my options?
Assuming you have a registered title the details of your ownership will be held by the Land Registry under a Title Number. It is possible to carry out a search at the Land Registry, locate your property and order up to date copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will also normally retain a file duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
Are there any apps to assist me to identify a Cottingham solicitor on the Bank of Ireland conveyancing panel? I have a car and am happy to travel upto 20miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please select a mortgage company and your location and you will see a number of Cottingham conveyancing lawyers based on proximity. We have listed some Cottingham conveyancing firms towards the end of this page and you can call them to see if they are on the Bank of Ireland member panel
I am thinking of appointing a conveyancing solicitor in Cottingham for my home move. Can I check a firm’s record with the profession’s regulator?
You may see presented Solicitor Regulator Association (SRA) determinations resulting from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA could recorded telephone calls for training requirements.
I want to let out my leasehold flat in Cottingham. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
A small minority of properties in Cottingham do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I purchased a basement flat in Cottingham, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Cottingham with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 levied per year. The lease expires on 21st October 2087
You have 62 years unexpired the likely cost is going to range between £17,100 and £19,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. You should 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 should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.