The Mossley Hill conveyancing firm handling our Mossley Hill conveyancing has spotted a discrepancy when comparing the assumptions in the home valuation survey and what is in the legal papers for the property. My solicitor has advised that he must check that the bank is OK with this discrepancy and is still content to lend. Is my lawyer’s stance legitimate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are purchasing a flat and require a conveyancing solicitor in Mossley Hill who is on the RBS solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Mossley Hill.
Is it the case that all Mossley Hill CQS (Conveyancing Quality Scheme) solicitors are on the Clydesdale conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of firms.
We expect to receive a OIP from Yorkshire BS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Mossley Hill solicitors on the Yorkshire BS conveyancing panel, or is it better to go independently?
You will need to appoint Mossley Hill solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
Yorkshire BS have agreed my home loan in principle, my offer on a apartment in Mossley Hill has been accepted, what happens next?
Your estate agent will want to be advised as to your conveyancing practitioner's details (ensure that the solicitors are on the lender’s panel). Call up Yorkshire BS or your broker and complete any relevant paperwork. Yorkshire BS will appoint a valuer who will get in touch with the selling agent or owners to schedule a slot for the valuation to happen. Once conducted (assuming no problems) it takes on average a week to receive the mortgage offer. Yorkshire BS will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Mossley Hill.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what should have been a quick, chain free conveyancing. Mossley Hill is the location of the property. Can you offer any advice?
Flying freeholds in Mossley Hill are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Mossley Hill you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Mossley Hill may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am thinking of appointing a conveyancing practitioner in Mossley Hill for my home move. Is it possible to check a solicitor's record with the profession’s regulator?
Members of the public can read presented Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training purposes.
I am hoping to sign contracts shortly on a ground floor flat in Mossley Hill. Conveyancing lawyers have said that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Mossley Hill should include some of the following:
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Where does the liability rest for maintaining the window frames The physical ownership of the property. This may be the apartment itself but may include a attic or storage are if applicable. Repair and maintenance of the premises You would want to receive a copy of the lease What options are open to you if a neighbour breaches a clause of their lease?
I inherited a split level flat in Mossley Hill, conveyancing was carried out 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Mossley Hill with a long lease are worth £255,000. The ground rent is £45 levied per year. The lease comes to an end on 21st October 2097
With 73 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 as well as professional fees.
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 you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.