Me and my partner are soon to exchange on the purchase of a property in Navenby but as a result of damage from a small fire at the property I have was able negotiate reparation from the vendor in the sum of £3k by way of a deduction in the price. This was going to be addressed as part of a side agreement however TSB are not allowing this. Why were they involved?
The conveyancing practitioner being on a TSB approved list is required to disclose to TSB of any changes to the sale price. If you were to refuse your conveyancer to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new conveyancer for your conveyancing in Navenby.
Will conveyancers request money up-front for my conveyancing in Navenby?
Where you are retaining lawyers for conveyancing in Navenby your lawyer will request that you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the purchase price then this will be needed shortly in advance of contracts are exchanged. The final balance that is needed should be sent to your lawyer shortly before completion.
I had intended to instruct a property lawyer in Navenby for our house purchase. Our broker informed us that our bank Alliance & Leicester won't deal with them. Why is this not regarded as unfair competition?
Banks on the whole restrict either the type or the amount of conveyancing solicitors on their panel. A common example of such restriction(s) being that a law practice must not be a sole practitioner. As well as restricting the profile of firm, some have limited the amount of solicitor practices they permit to represent them. You should note that Alliance & Leicester have no responsibility for the quality of advice provided by any member of Alliance & Leicester Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there are differing opinions regarding the level of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that plenty of law firms, including some in or near Navenby only conduct very few conveyances a year.
The deeds to our home can not be found. The lawyers who did the conveyancing in Navenby 10 years ago have long since closed. What are my options?
In today’s world there are duplicates made of almost everything, and your lawyer will be aware exactly where to find all the appropriate documentation so you may purchase or dispose of your property without any difficulty. If duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
Due to the encouragement of my in-laws I had a survey completed on a property in Navenby before appointing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some lenders may not give a loan on such a property.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Navenby. Conveyancing will be smoother if you use a solicitor in Navenby especially if they are accustomed to such properties in Navenby.
How does the Landlord & Tenant Act 1954 affect my commercial premises in Navenby and how can you help?
The particular law that you refer to gives a safeguard to commercial lessees, granting the a statutory right to make a request to court for a new lease and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Navenby