Is the fact that my conveyancer in Gedling is not identified on my mortgage company's solicitor panel that there is a problem with the quality of the firm’s work?
That is most likely an incorrect assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Gedling conveyancing firm and ask them why they are no longer on the approved list for your mortgage company.
Can you explain why leasehold purchase conveyancing in Gedling is more expensive?
In short, leasehold conveyancing in Gedling and elsewhere usually necessitates more work compared to freehold conveyancing. This includes reviewing the lease, liaising with the landlord concerning serving applicable notices, securing up-to-date service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different proprietor have owned the lease since it was first entered into.
It has been four months since my purchase conveyancing in Gedling took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Gedling I like with amenity areas and railway links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Gedling suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
In my capacity as executor for the estate of my grandmother I am selling a property in Neath but I am based in Gedling. My conveyancer (approximately 250 kilometers awayhas requested that I sign a stat dec before completion. Can you recommend a conveyancing lawyer in Gedling to witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Gedling
Harry (my fiance) and I may need to rent out our Gedling garden flat for a while due to a career opportunity. We used a Gedling conveyancing practice in 2001 but they have since shut and we did not think at the time get any guidance as to whether the lease allows us to sublet. How do we find out?
Some leases for properties in Gedling do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to review 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.
Leasehold Conveyancing in Gedling - Sample of Queries before buying
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Who takes charge for maintaining and repairing the building? What prohibitions are contained in the Gedling Lease? How many of the leaseholders are in arrears for their service charge payments?