I am expecting a mortgage offer from Nat West. I would like to employ the services of a Licensed Conveyancer in Navenby. Does the Nat West Solicitor panel exclude conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
What is the difference between a licensed conveyancer and conveyancing solicitor in Navenby
There are two types of lawyers who can perform conveyancing in Navenby namely CLC regulated conveyancers or solicitors. The two can provide the legal services that you need to complete the disposal or purchase of property. Both are required to execute Navenby conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be professionally conducted and that the necessary procedures should be accurately attended to.
Is it the case that all Navenby conveyancing solicitors on the Virgin Money conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Virgin Money conveyancing panel they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel and in such a situation the organisation would be overseen by the CLC.
We expect to receive a DIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Navenby solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Navenby solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I purchased a renovated Georgian house in Navenby. Conveyancing solicitor acted for me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Navenby and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing lawyer who conducted the conveyancing.
I am 18 days into a leasehold purchase having been directed to solicitors by the local agent to do our conveyancing in Navenby. We are not happy. Could you you assist me in finding new solicitors?
They would need to be really bad to suggest diss instructing them. Has your mortgage offer been sent? If so you will need to make them aware of the new contact details and have the mortgage documents are issued to the new lawyers. The solicitor ideally should be on the mortgage company panel to avoid escalating fees and complications. So that should be your first question of the new solicitors. The find a solicitor tool will help you find a lender approved lawyer for your home move in Navenby
I want to let out my leasehold apartment in Navenby. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Some leases for properties in Navenby do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I own a 2 bed flat in Navenby, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Corresponding flats in Navenby with over 90 years remaining are worth £207,000. The ground rent is £60 invoiced annually. The lease ceases on 21st October 2083
With just 58 years left to run we estimate the premium for your lease extension to be between £27,600 and £31,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered 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.
My friend mentioned that before choosing a conveyancing solicitors they must be approved by your lender. It happens to be my first house move but I have an offer in principle from HSBC and I already have a local conveyancing lawyer in Navenby lined up. Can Virgin Money insist on an approved solicitor to be instructed? Does a list of approved conveyancers even exist so I can appoint a conveyancing solicitor in Navenby?
You need to choose a solicitor that is on the Virgin Money panel. Simply telephone your chosen Navenby conveyancing solicitor and ask if they are on the Virgin Money panel. If they are not approved you have a couple of options open to you here:
- Carry on with your existing Navenby conveyancing practitioner but Virgin Money will no doubt retain a lawyer on their conveyancing panel. This will result in additional charges together with potential interruption.
- Appoint a new conveyancer to act in the purchase, making sure they are on the Virgin Money conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the Virgin Money conveyancing panel.