We see that you have a search directory identifying firms on the Virgin Money conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Kingsthorpe?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Kingsthorpe.
My brother-in-law has suggested I instruct a conveyancing solicitor in Kingsthorpe. I I would like to check if they are on the HSBC Bank conveyancing panel. Can you help?
The first thing you should do is call your conveyancer and ask them whether they can act for the lender. Otherwise please get in touch with HSBC Bank who may be able to help.
Should our conveyancer be raising questions about flooding as part of the conveyancing in Kingsthorpe.
Flooding is a growing risk for conveyancers dealing with homes in Kingsthorpe. Plenty of people will purchase a house in Kingsthorpe, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a number of checks that can be initiated by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Kingsthorpe. The standard property information forms sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the owner to determine whether the premises has ever been flooded. If the residence has been flooded in past and is not notified by the owner, then a purchaser may issue a legal claim for losses as a result of such an inaccurate reply. A purchaser’s solicitors should also conduct an environmental search. This should reveal whether there is any known flood risk. If so, more detailed inquiries will need to be made.
I have recentlydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Kingsthorpe for a purchase of a freehold house 10 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The quickest way to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Kingsthorpe conveyancing specialists.
When it comes to leasehold conveyancing in Kingsthorpe what are the most common lease problems?
Leasehold conveyancing in Kingsthorpe is not unique. All leases are individual and drafting errors can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:
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Insurance obligations Clauses dealing with recovering service charges for expenditure on the building or common parts.
A defective lease can cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Chelsea Building Society, and Godiva Mortgages Ltd all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.
I bought a studio flat in Kingsthorpe, conveyancing having been completed 10 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Kingsthorpe with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2096
With just 71 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.
My fiance and I have just had an offer accepted on a property and had meeting on Friday with HSBC for the mortgage. They have informed us that when it comes to selecting a conveyancer that unless they are on their approved list of lawyers then we will incur a further fee of about two hundred pounds. This is is due to the fact that they will then have to appoint a solicitor to act for them as well as the one we choose to act on our behalf and we assume responsibility for their fees. I have asked HSBC to supply me with a list so I can request estimates only from their approved lawyers but was told they dont have such a list to hand over. Is there a list online?
Ask HSBC what their criteria for panel membership is for a conveyancer.Then ask the solicitor of your choice whether they meet the criteria and have they acted on loans for HSBC historically. Where the answer to those is yes, then just clarify this with HSBC. Alternatively please use our search facility and we may be able to locate a conveyancing practitioner in Kingsthorpe on the panel for HSBC.