Completed the sale of my flat in Dronfield last June yet the purchaser is texting me to say her lawyer is waiting to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your conveyancer should send the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where relevant, your solicitor should also evidence that the home loan has been discharged to the buyers solicitors. There is unlikely to be post completion requirements specific conveyancing in Dronfield.
How do I check that the solicitor handling my conveyancing in Dronfield is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus spending £187.00 plus VAT in further legal fees.
Please do make use of the search tool on this web page. Pick the lender and type ‘Dronfield’ or your location and you will discover a number of lawyer based in Dronfield or by proximity to you.
Is it the case that all Dronfield CQS (Conveyancing Quality Scheme) solicitors are on the Leeds Building Society conveyancing panel?
It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.
When it comes to mortgage companies such as Nationwide, do Dronfield lawyers face an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Is it the case that all Dronfield solicitor firms on the UBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the UBS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel and in such a situation the firms would be regulated by the CLC.
I have been told that property searches are a common cause of delay in Dronfield conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in Dronfield.
I have todaybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Dronfield for a purchase of a leasehold flat 18 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Dronfield conveyancing specialists.
Due to sign contracts shortly on a basement flat in Dronfield. Conveyancing solicitors inform me that they report fully next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Dronfield should include some of the following:
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Setting out your legal entitlements in relation to the communal areas in the building.For example, does the lease contain a right of way over an accessway or staircase? You should have a good understanding of the insurance obligations You must be advised what is to be regarded as a Nuisance as far as the lease is concerned specifics of the parties to the lease, e.g. these could be the lessee, head lessor, landlord The physical extent of the premises. This will be the property itself but might incorporate a roof area or cellar if relevant.
I bought a split level flat in Dronfield, conveyancing formalities finalised 5 years ago. How much will my lease extension cost? Equivalent flats in Dronfield with an extended lease are worth £170,000. The ground rent is £50 levied per year. The lease ends on 21st October 2103
You have 78 years remaining on your lease we estimate the price of your lease extension to range between £7,600 and £8,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.