We chose a high street firm for our conveyancing in Old Coulsdon yesterday. Going through the terms of engagement it is apparent thatI am liable for fees even if the movedoes not proceed. Should I go with them or instruct a web based lawyer offering no move no charge conveyancing in Old Coulsdon?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the fee levels will generally be higher to cover the transactions that abort. Please beware that these deals rarely cover expenditure for example Old Coulsdon conveyancing search charges.
I am the sole beneficiary of my late father’s will and I have everything in my name now, including the house in Old Coulsdon. The Old Coulsdon property was put into my name in February. I plan to dispose of the house. I do know about the CML six month 'rule', which means that my proprietorship will be treated the same way as though I had purchased the property in February. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view banks take of it, depend on the lender as this requirement is chiefly there to capture the purchase and immediately sell or the wholesaling and assigning of properties.
When it comes to mortgage companies such as Aldermore, do Old Coulsdon conveyancers face a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
After months of negotiation I have agreed a price on an apartment in Old Coulsdon. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an on account payment of £200. Shortly after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Barclays 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 Barclays 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.
My wife and I have a semi-detached Georgian house in Old Coulsdon. Conveyancing solicitor represented me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching 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 for 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 Old Coulsdon and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who conducted the work.
Due to the guidance of my in-laws I had a survey completed on a property in Old Coulsdon ahead of retaining conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend not give a mortgage on a flying freehold home.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Old Coulsdon. Conveyancing will be smoother if you use a solicitor in Old Coulsdon especially if they are acquainted with such properties in Old Coulsdon.
I am looking for a conveyancing lawyer in Old Coulsdon for my house move. Can I see a firm’s record with the legal regulator?
Anyone may find documented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator may monitor call for training requirements.
I work for a long established estate agency in Old Coulsdon where we have witnessed a number of leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Old Coulsdon conveyancing solicitors. Could you shed some light as to whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I have had difficulty in seeking a lease extension in Old Coulsdon. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the price payable.
An example of a Freehold Enfranchisement case for a Old Coulsdon residence is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case was in relation to 3 flats. The unexpired residue of the current lease was 75 years.