I am obtaining a mortgage offer from Halifax. I would like to retain the legal services of a Licensed Conveyancer in Market Harborough. Does the Halifax Conveyancing panel include Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My wife and I have recently appointed a conveyancing solicitor in Market Harborough. I I would like to check whether they are on the Clydesdale approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should phone the lawyer and ask them if they are on the lender panel. Otherwise you should get in touch with Clydesdale who may be able to assist.
We are getting a further advance on our home loan from Lloyds as we intend to conduct a loft conversion to our home in Market Harborough. Do we need to select a high street Market Harborough solicitor on the Lloyds conveyancing panel to deal with the legals?
Lloyds don't usually require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds conveyancing panel.
I have paid off my mortgage with Co-operative. I assume I don't need a Market Harborough solicitor on the Co-operative panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Co-operative mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Co-operative mortgage from the register. Co-operative, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Co-operative has sent the Land Registry the discharge electronically, and
- Co-operative has instructed the Land Registry to do so
Our offer on a detached house in Market Harborough has been accepted, but there is a chain. The sellers have offered on somewhere, however it’s not been accepted yet, and have viewings of other apartments in the pipeline. I have selected a high street conveyancing solicitor in Market Harborough. What should be my next step? At what stage should I apply for the mortgage with TSB?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of £1k, then survey, Market Harborough conveyancing search costs, etc). First, you must check that your conveyancer is on the TSB approved list. Concerning the next stages this very much depends on the uniqueness of your case, motivation for this property and on the state of the market. In a rising market the majority of home buyers will apply for a home loan with TSB and pay for the valuation and only if it was satisfactory would they pay their property lawyer to move forward with searches.
Me and my brother have a semi-detached Victorian house in Market Harborough. Conveyancing solicitor represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Market Harborough and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who conducted the work.
Is it possible to change solicitor as I need to appoint a firm on the The Mortgage Works conveyancing list. I had appointed a high street conveyancing solicitor in Market Harborough round the corner but the firm is not approved by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Market Harborough on the The Mortgage Works panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Market Harborough. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Market Harborough.
Back In 2003, I bought a leasehold flat in Market Harborough. Conveyancing and Norwich and Peterborough Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Market Harborough who acted for me is not around. Any advice?
The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the new freeholder. You do not need to instruct a Market Harborough conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a 1st floor flat in Market Harborough, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Market Harborough with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease comes to an end on 21st October 2091
With just 66 years remaining on your lease the likely cost is going to range between £11,400 and £13,200 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.