Why is leasehold purchase conveyancing in Esher and Claygate costs more?
Esher and Claygate leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Is there a list of Principality panel conveyancers in Esher and Claygate on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association websites. Very few banks make their panel listings visible on the web. Where you are in need of a Esher and Claygate property lawyer on the Principality please use our facility.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Esher and Claygate lawyer on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I am due to exchange contracts on my apartment. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Leeds Building Society are being difficult. The Esher and Claygate solicitor who is on the Leeds Building Society conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Leeds Building Society are requiring a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have todayfound out that Arc property Solicitors have closed. They conducted my conveyancing in Esher and Claygate 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 previous owner?
The quickest way to see if the property is in your name, you can carry out 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 Esher and Claygate conveyancing specialists.
How does conveyancing in Esher and Claygate differ for newly converted properties?
Most buyers of new build or newly converted property in Esher and Claygate contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Esher and Claygate tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Esher and Claygate or who has acted in the same development.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Esher and Claygate and how can your lawyers assist?
The 1954 Act affords security of tenure to business tenants, granting the a statutory right to make a request to court for a new tenancy and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refuse 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 help with commercial conveyancing in Esher and Claygate
My wife and I are acquiring a first floor flat in Esher and Claygate. When we first instructed lawyer, they told us that they were on all mainstream bank panels. Our financial adviser contacted us yesterday to say that they are not on the Co-operative approved list. If it turns out to be true, what should we do? Do we just pick a new lawyer that is on their approved list or should we cover the costs for dual representation, with Co-operative selecting their own approved solicitor.
If you are acquiring a property needing a mortgage it is normal 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 conveyancing panel. 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 criteria which the property lawyer has to meet. Some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should call Co-operative to discover 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 Co-operative's conveyancing panel as you are at liberty to use your preferred Esher and Claygate lawyers, in which case it will likely add costs, and it will likely delay the transaction as you are adding another conveyancer into the mix.