Me and my fiance are buying a leasehold flat in Kenilworth. My Conveyancer has never been on on the bank approved list. Can I still appoint my Kenilworth conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel of approved conveyancing solicitors?
Your options include
- Proceed with your chosen Kenilworth lawyer but your mortgage company will need to retain a conveyancing practitioner from their conveyancing panel. This will result in additional fees and likely interruption.
- Appoint a fresh conveyancer to conduct the conveyancing, obviously checking they are on the lender conveyancing panel.
- Convince your solicitor to do everything possible to get accepted on the mortgage company panel of solicitors
Please help. My Kenilworth conveyancer is informing me me that he is legally obliged toorder Kenilworth conveyancing searches becausethe firm are on the Nat Westconveyancing panel. These Kenilworth searches cost a lot of money can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are taking a home loan with a lender your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Kenilworth conveyancing searches.
As a novice what is the most important number one tip you can impart about purchase conveyancing in Kenilworth?
You may not hear this from too many lawyers but conveyancing in Kenilworth and elsewhere in Warwickshire is an adversarial experience. In other words, when it comes to conveyancing there is plenty of room for confrontation between you and other parties involved in the transaction. E.g., the seller, property agent and even potentially a bank. Selecting a law firm for your conveyancing in Kenilworth an important selection as your conveyancer is your adviser, and is the ONE party in the transaction whose interest is to protect your best interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. You your first instinct should be to trust your solicitor ahead of all other parties in the conveyancing process.
My wife and I purchased a renovated Georgian house in Kenilworth. Conveyancing solicitor represented me and Birmingham Midshires. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Kenilworth and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing solicitor who carried out the work.
I am thinking of appointing a conveyancing lawyer in Kenilworth for my home move. Is it possible to review a solicitor's record with the profession’s regulator?
You may see documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA could recorded call for training requirements.
Estate agents have just been given the go-ahead to market my garden apartment in Kenilworth. Conveyancing lawyers have not yet been instructed, but I have recently had a half-yearly maintenance charge demand – Do I pay up?
It best that you discharge the service charge as normal given that all rents and service payments will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a studio flat in Kenilworth, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Kenilworth with over 90 years remaining are worth £216,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2094
With only 68 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.