We note that you have a post code search directory identifying firms on the Leeds Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Petersfield?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Petersfield.
I am selling my home in Petersfield. Will the lawyer need to be on the Lloyds conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
Should our solicitor be making enquiries regarding flooding as part of the conveyancing in Petersfield.
Flooding is a growing risk for conveyancers dealing with homes in Petersfield. Plenty of people will purchase a house in Petersfield, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, but there are a various searches that may be initiated by the purchaser or on a buyer’s behalf which will figure out the risks in Petersfield. The conventional set of property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to discover whether the premises has ever been flooded. If flooding has previously occurred which is not revealed by the owner, then a purchaser may issue a legal claim for losses stemming from an incorrect response. A buyer’s lawyers may also carry out an environmental report. This will disclose whether there is any known flood risk. If so, further investigations will need to be made.
I got the keys to my home on 10 July and the transaction details is not yet registered. Need I be worried? My conveyancing solicitor in Petersfield said it should be concluded in less than a month. Are titles in Petersfield particularly slow to register?
As far as conveyancing in Petersfield is concerned, registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any third parties. As of today approximately 80% of submission are fully dealt with within 12 days but occasionally there can be longer hold-ups. Historically registration is effected once the new owner has moved in to the property therefore 'speed' is not always an essential issue but where it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
How simple is it to use your search app to locate a conveyancing solicitor in Petersfield on the panel for my lender?
Step one is to select a bank such as Barclays , Barnsley Building Society or Platform Home Loans Ltd then specify your preferred area e.g. Petersfield. Conveyancing organisations in Petersfield and further afield will then be listed.
My wife and I purchased a leasehold house in Petersfield. Conveyancing and Barclays mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Petersfield who acted for me is not around. What should I do?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Petersfield conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 1 bedroom flat in Petersfield, conveyancing having been completed 7 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Petersfield with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease runs out on 21st October 2095
With only 70 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.