The Lancing conveyancing firm that just started acting on my house acquisition in Lancing have suddenly shut down. I chose them because I had to have a firm on the TSB conveyancing panel and my preferred Lancing lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the TSB conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
The deeds to my property are lost. The conveyancers who dealt with the conveyancing in Lancing 4 years ago are no longer around. What do I do?
Assuming you have a registered title the details of your ownership will be documented by HMLR under a Title Number. It is easy to execute a search at the Land Registry, locate your property and secure up to date copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will usually retain a certified copy of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I have been on the look out for a ground for flat up to £305k and identified one close by in Lancing I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Lancing for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I have been pointed in your direction by numerous property agents in Lancing to choose a solicitor on your site. Is there a financial inducement for Estate Agents to market your services rather than another?
We refuse to make any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
In sourcing the internet for the words cheap conveyancing in Lancing it brings up many solicitorslocally. With so much choice what is the best way to find the suitable property lawyer for me?
The preferential method of choosing a suitable conveyancer is via trusted testimonial, so seek the counsel of friends and relatives who have acquired a property in Lancing or the respected estate agent or mortgage broker. Charges for conveyancing in Lancing vary, so it's advisable to request at least three costs illustrations from varying types of solicitors. Make sure that you clarify that the costs are guaranteed not to escalate.
I'm going to be buying a flat very soon in Lancing. I am in need of a Lancing conveyancing solicitor. My family lawyer is based in Scotland and unable to help.Is it possible for you to recommend a good Lancing property lawyer that will act for us as well as represent Clydesdale?
The purpose of this site is restricted to being a directory service for conveyancing practitioners who wish to be listed as being on the approved conveyancing panel for Clydesdale in certain locations for instance Lancing . We dont recommend any specific conveyancing practitioner.