Is the fact that my solicitor in Kegworth is not on my lender's conveyancing panel that there is a problem with the standard of her work?
That is more than likely an incorrect assumption to make. There are all sorts of perfectly reasonable 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 top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer 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 Kegworth conveyancing practice and enquire why they are no longer on the approved list for your lender.
I am buying a new build flat in Kegworth. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Kegworth you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Kegworth.
I am assisting my mother sell her house in Kegworth. Does the conveyancing solicitor arrange the energy performance certificate or it is for the seller to see to?
After the abolition of HIPs, energy performance certificates remained a mandatory element of selling a house. An EPC must be commissioned before the property is marketed. This is not a task that solicitors normally arrange. Where you are using a Kegworth conveyancing practitioner they may help arrange energy performance certificates given their contacts with reputable Kegworth assessors
Can you point me to a directory of Santander panel solicitors in Kegworth on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings open the public over the internet. Where you are looking for a Kegworth lawyer on the Santander please make the most of our facility.
I recently had an offer agreed on an apartment in Kegworth. My mortgage broker recommended their conveyancers. I paid an advanced payment of £175. A few days later, the lawyer contacted me to say that they were not on the Aldermore 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 Aldermore 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.
It has been 2 months following my purchase conveyancing in Kegworth concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Kegworth prior to instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to issue a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kegworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kegworth to see if the conveyancing costs will increase in light of this.
What advice can you give us when it comes to appointing a Kegworth conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Kegworth conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Kegworth conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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If they are not ALEP accredited then what is the reason? What are the costs for lease extension work?
I am the registered owner of a garden flat in Kegworth, conveyancing formalities finalised June 1995. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Kegworth with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease ends on 21st October 2085
With only 59 years unexpired we estimate the premium for your lease extension to span between £20,900 and £24,200 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.