Is it realistic for conveyancing in Hatton to be completed in under 28 days?
First, If the seller is applying a tight deadline to complete it is advisable to make sure that your lawyer is familiar with the area as they will benefit local relationships and insight. It is possible that they may have conducted previousproperties in the same street. You would be best advised to use a Hatton conveyancing solicitor. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of Hatton conveyancing transactions are delayed or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the conveyancing being frustrated by almost three weeks. It is understood that this issue impacts approximately one hundred thousand home moves every year. Many Hatton conveyancing firms can not act for certain mortgage companies so do check at the outset.
We note that you have a search directory listing law firms on the Nottingham conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Hatton?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hatton.
Do the Building Society Association intend to launch a search tool with a view to to identify firms on the Loughborough BS conveyancing panel for instance in Hatton?
We are not aware of any intention on the part of the BSA to promote such a tool.
How can we tell if a Hatton conveyancing solicitor on the Virgin Money panel is any good?
When it comes to conveyancing in Hatton obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer handling your conveyancing.
I am expecting a DIP from UBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Hatton solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Hatton solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I recently had an offer agreed on a house in Hatton. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. Not long after, the solicitor called me to say that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Despite weeks of looking the Title Certificate and documents to my home are lost. The conveyancers who dealt with the conveyancing in Hatton 5 years ago are no longer around. What do I do?
You no longer need to hold title original deeds to evidence that you own the land or premises, given that the Land Registry have everything they need in a digital format.
I work for a long established estate agent office in Hatton where we have experienced a number of flat sales put at risk due to short leases. I have received inconsistent advice from local Hatton conveyancing solicitors. Could you shed some light as to whether the seller of a flat can commence the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the leaseholder of a first floor flat in Hatton. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
Where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to arrive at the amount due.
An example of a Lease Extension case for a Hatton premises is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The unexpired residue of the current lease was 82.93 years.