My IFA requires my Horfield law firm’s panel reference for the Santander conveyancing panel. How do I discover this. I have tried my local Horfield office but they don't know it.
You are best placed to get this information from your Horfield lawyer . They retain a central record lender panel numbers.
What does my ID and proof of funds have anything to do with my conveyancing in Horfield? Is this really necessary?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the ID of the potential client they are dealing with before they can accept their conveyancing instruction. The Terms of Engagement that you need to sign will no doubt stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you are unwilling to provide identification documents, your conveyancer will not be able to take you on as a client.
Various internet forums that I have come across warn that are a common reason for hinderance in Horfield house deals. Is there any truth in this?
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 in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in Horfield.
I was advised by a few property agents in Horfield to get a quote from a property lawyer on your site. What’s the financial upside for Estate Agents to market your site ahead of alternative conveyancing organisations?
We don’t offer any financial incentive for sending work in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
As co-executor for the estate of my grandfather I am selling a residence in Newport but live in Horfield. My lawyer (approximately 260 kilometers awayrequires that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Horfield who can witness this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are Horfield based
Due to sign contracts shortly on a leasehold property in Horfield. Conveyancing solicitors assured me that they report fully tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Horfield should include some of the following:
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You should know whether the lease permits you to change or improve aspects of the property- you should be made aware as to whether any restrictions relates to all alterations or limited to structural alteration, and whether permission is required Alterations to the premises Repair and maintenance of the property The length of the lease term. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years The physical ownership of the property. This might be the flat itself but might include a loft or cellar if appropriate.
I bought a split level flat in Horfield, conveyancing having been completed 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Horfield with an extended lease are worth £192,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2079
With just 54 years left to run we estimate the premium for your lease extension to be between £32,300 and £37,400 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.