It has come to my attention via my lender that my Kidsgrove lawyer is not on the mortgage company Conveyancing panel. How can I check?
Your first step should be to contact your Kidsgrove conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
I purchased a freehold premises in Kidsgrove but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Kidsgrove and has limited impact for conveyancing in Kidsgrove but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
We wanted to use a conveyancing solicitor in Kidsgrove for our house purchase. Our broker has since advised us that our mortgage lenders Yorkshire Building Society won't deal with them. Why is this not regarded as unfair competition?
A lender can insist on an approved solicitor act for it. Borrowers are expected to meet the charges for this. Try using our database to select a solicitor to carry conveyancing in Kidsgrove on the Yorkshire Building Society approved list of solicitors.
I used Wolstenholmes a few years ago for my conveyancing in Kidsgrove. Now, I need my files but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Kidsgrove of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Kidsgrove I like with a park and station nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Kidsgrove for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
My partner is purchasing a shared ownership flat in Kidsgrove. He was given a quote by the lawyer connected to the estate agents and it came to £1156 . It was 7 years ago since I sold and bought a property and the fee was £440. Have charges really gone up that much?
We would recommend that you e-mail 3 or 4 local Kidsgrove conveyancing firms requesting prices. It is advisable to base your selection not just on cost, but on promptness and on how comprehensive the reply is.