I am getting a offer of a home loan from Lloyds. I hope to use a Licensed Conveyancer in Crediton. Does the Lloyds Solicitor panel exclude Licensed Conveyancers?
The Lloyds 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 planning to acquire a property and need a conveyancing solicitor in Crediton who is on the Leeds Building Society solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Crediton.
I am buying a house and require a conveyancing solicitor in Crediton who is on the Virgin Money approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Crediton. We dont recommend any particular firm.
I got the keys to my flat on 9 September and the transaction details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Crediton said it will be dealt with in a couple of weeks. Are titles in Crediton particularly slow to register?
As far as conveyancing in Crediton registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. As of today in the region of 80% of submission are fully addressed in less than three weeks but occasionally there can be longer delays. Registration takes place once the buyer has moved in to the property thus post completion formalities is not usually primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer can speak with the land registry and explain the circumstances.
How does the Landlord & Tenant Act 1954 impact my business premises in Crediton and how can your lawyers assist?
The particular law that you refer to affords security of tenure to business tenants, giving them the legal entitlement to apply to court for a new tenancy and continue in occupation when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Crediton
Do you have any advice for leasehold conveyancing in Crediton from the point of view of expediting the sale process?
- Much of the delay in leasehold conveyancing in Crediton can be reduced where you appoint lawyers the minute you market your property and ask them to collate the leasehold information needed by the buyers’ lawyers. Many freeholders or managing agents in Crediton levy fees for providing management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Crediton. A minority of Crediton leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference will need to confirm that the buyers are able to meet the annual 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 service charge figures so that they can pass this information on to the buyers or their lawyers. In the event that you altered the property did you need the Landlord’s consent? Have you, for example installed wooden flooring? Crediton leases often stipulate that internal structural changes or laying down wooden flooring require a licence issued by the Landlord consenting to such changes. If you fail to have the consents to hand you should not contact the landlord without contacting your conveyancer before hand.
I purchased a basement flat in Crediton, conveyancing formalities finalised in 1997. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Crediton with a long lease are worth £175,000. The ground rent is £65 levied per year. The lease comes to an end on 21st October 2083
With just 58 years remaining on your lease we estimate the premium for your lease extension to span between £23,800 and £27,400 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.