How do I discover of the solicitor conducting my conveyancing in Long Sutton is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Godiva Mortgages Ltd thus paying £192.00 in another set of legal bill.
You should make the most of the find a lender approved solicitor tool on this site. Pick the lender and type ‘Long Sutton’ or your preferred area and you will discover a number of lawyer located in Long Sutton or near you.
We are buying a house in Long Sutton. It might be a silly question but how we can trust a lawyer? At some point we will need to send money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
A friend pointed out to me me that in buying a property in Long Sutton there may be various restrictions limiting what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Long Sutton which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Long Sutton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After weeks of negotiation I have agreed a price on a house in Long Sutton. My mortgage broker pressured me to appoint their property lawyer. I paid an advanced payment of £175. A few days later, the conveyancer contacted me embarrassingly acknowledging that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Due to the advice of my in-laws I had a survey completed on a house in Long Sutton before appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will not grant a mortgage on such a property.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Long Sutton. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I better off to instruct a Long Sutton conveyancing solicitor based in the location that I am buying? I have an old university friend who can deal with the conveyancing however his firm is located 200miles drive away.
The primary upside of using a local Long Sutton conveyancing practice is that you can drop in to sign paperwork, deliver your identification documents and apply pressure on them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were content that should trump using an unknown Long Sutton conveyancing solicitor just because they are based in the area.
I only have Fifty years left on my flat in Long Sutton. I need to get lease extension but my freeholder is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to prove that you have done all that could be expected to find the freeholder. On the whole an enquiry agent would be useful to conduct investigations and to produce a report to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court covering Long Sutton.
I invested in buying a ground floor flat in Long Sutton, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Long Sutton with a long lease are worth £207,000. The average or mid-range amount of ground rent is £60 levied per year. The lease ceases on 21st October 2083
You have 57 years left to run the likely cost is going to span between £28,500 and £33,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.
We have instructed a Long Sutton conveyancing solicitor for our house purchase (FTB’s) and have picked up in the terms and conditions that they are not overseen by the FCA. Should I be concerned or is that standard with lawyer?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who dictate strict laws covering funds held in their bank.