Me and my partner are purchasing a maisonette in Leeds. My Conveyancer is not listed on the lender solicitor list. Am I still permitted to appoint my Leeds conveyancing solicitor even though they are excluded from the bank panel?
You will need to appoint a lawyer to deal with the legal work required if you require a mortgage to purchase your property. They will carry out all the relevant due diligence on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in order. You could instruct a Leeds conveyancer of your choosing. However, where the property lawyer selected is not on the lender conveyancing panel further charges will be incurred as separate legal representation will be required by them. Lender panel applications may be submitted, so if your lawyer has not historically sought membership they should take the opportunity to apply.
I am buying a right to buy a flat in Leeds. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Leeds you will have to appoint a solicitor on your bank'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 Leeds.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Leeds?
Many commercial conveyancing solicitors in Leeds will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Leeds. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Leeds.
For each commercial conveyancing transaction in Leeds it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may result in delays to Leeds commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Leeds.
I used Stirling Law several years past for my conveyancing in Leeds. Now, I need my documents but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate 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 Leeds of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
What makes a Leeds lease defective?
There is nothing unique about leasehold conveyancing in Leeds. Most leases are unique and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
-
A duty to insure the building A provision to repair to or maintain parts of the premises
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. HSBC Bank, Barnsley Building Society, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.
I am the registered owner of a leasehold flat in Leeds, conveyancing was carried out February 2005. Can you work out an approximate cost of a lease extension? Corresponding flats in Leeds with over 90 years remaining are worth £227,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2097
With only 72 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
I'm remortgaging a bungalow in Leeds. I have found my conveyancer's company on the CLC list, but I can't see my lawyer's name as listed on the regulator's website. Should I be concerned?
Not all staff in the company must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unqualified staff.