Am I correct in assuming that the fact that my conveyancer in Isle of Sheppey is not listed on my bank's conveyancing panel that there is a problem with the standard of the firm’s work?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (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 contact the Isle of Sheppey conveyancing practice and ask them why they are no longer on the approved list for your lender.
Our bank has recommended a law firm on their panel based in Isle of Sheppey but I would rather instruct a conveyancing lawyer in Isle of Sheppey or nearer to where I live. Are you able to help?
Far from all Isle of Sheppey conveyancing practices are approved and listed on all banks conveyancing panel. Use the above search tool to identify a Isle of Sheppey conveyancing conveyancer on the on the mortgage company panel.
Can you point me to a directory of Clydesdale panel conveyancers in Isle of Sheppey on the Building Society Association’s Website?
No. There is no such directory service on the CML or Building Society Association websites. A small selection of lending institutions make their panel listings open the public online. If you are in need of a Isle of Sheppey property lawyer on the Clydesdale please make the most of our facility.
I have paid off my mortgage with RBS. I assume I don't need a Isle of Sheppey conveyancer on the RBS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS 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 RBS mortgage from the register. RBS, 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 RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
I recently had an offer agreed on a house in Isle of Sheppey. My financial adviser recommended their conveyancers. I paid an advanced payment of £175. A few days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Skipton 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 Skipton 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.
What makes your site different to other internet conveyancing solicitors when it comes to conveyancing in Isle of Sheppey?
At this site receive a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Isle of Sheppey. Unlike many estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. Some agents and online brokers 'recommend' solicitors that pays the highest kickback, rather than the best value conveyancing in Isle of Sheppey
Should I choose a Isle of Sheppey conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can perform the legal formalities however they are based a couple of hundredkilometers drive away.
The benefit of a high street Isle of Sheppey conveyancing practice is that you can pop in to execute paperwork, deliver your ID and pester them if necessary. Having local Isle of Sheppey know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that must surpass using an unfamiliar Isle of Sheppey conveyancing solicitor solely due to them being round the corner.
I am attracted to a two flats in Isle of Sheppey both have approximately fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As a lease gets shorter the marketability of the lease decreases and results in it becoming more expensive to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease extension can be a difficult process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this area.
I invested in buying a garden flat in Isle of Sheppey, conveyancing formalities finalised 8 years ago. How much will my lease extension cost? Comparable flats in Isle of Sheppey with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2101
With 76 years left to run the likely cost is going to span between £8,600 and £9,800 as well as costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.