I am purchasing a maisonette in Edgware. My Solicitor is not on the mortgage company conveyancing list. Am I still permitted to use my Edgware conveyancing solicitor notwithstanding that they are not on the bank panel?
Various options include
- Proceed with your chosen Edgware property lawyer but your bank will undoubtedly instruct a solicitor on their conveyancing panel. The net result is additional charges and likely frustration.
- Appoint a new property lawyer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your lawyer to attempt to join the mortgage company panel
I own a freehold premises in Edgware but still pay rent, why is this and what is this?
It is rare for properties in Edgware and has limited impact for conveyancing in Edgware 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 creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
Have just purchased a repossessed house at auction in Edgware. Conveyancing is needed. What happens now?
Having legally bound yourself to purchase you should instruct a conveyancing lawyer as a matter of urgency as you are facing a fast approaching a drop dead date to complete the transaction. All auction property should have a bespoke auction pack. This should include most,if not all of the paperwork that your solicitor will need. In the case of leasehold property the legal papers should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You need to hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds in place to complete on the on the contractual date .
Is it the case that all Edgware conveyancing solicitors on the Kent Reliance conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Kent Reliance conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
We have agreed to purchase a house in Edgware. One unusual aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with TSB your lawyer must follow the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for TSB. The CML Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to TSB where a lease fails to comply with these conditions. The specifications relate to the installation of panels on properties nationwide and is not limited to Edgware.
I opted to have a survey completed on a property in Edgware ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some lenders tend not give a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Edgware. Conveyancing will be smoother if you use a solicitor in Edgware especially if they regularly deal with such properties in Edgware.
What does commercial conveyancing in Edgware cover?
Edgware conveyancing for business premises incorporates a broad array of services, given by qualified solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I am looking for a conveyancing lawyer in Edgware for my house move. Is there any facility to see a solicitor's record with the profession’s regulator?
One may see documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The SRA may recorded telephone calls for training reasons.