Am I correct in assuming that the fact that my conveyancer in Pewsey is not identified on my lender's conveyancing panel that there is a problem with the quality of her conveyancing?
That is most likely an incorrect assumption to make. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Pewsey conveyancing practice and enquire why they are no longer on the approved list for your lender.
We were just about to exchange contracts for a semi detached house in Pewsey. We have hit a problem. The loan offer with The Royal Bank of Scotland expires on 26/6/2025 but the owners are suggesting a completion date of 30/6/2025. Is it possible to extend the loan offer?
The best person to address this issue is your conveyancer who should calculate if they should be discussing with the mortgage company, seller’s representatives, property agents or possibly all three taking into account the history of your transaction as of today.
I am assisting my aunt sell her flat in Pewsey. Will the conveyancer arrange the energy assessment or do I organise this?
Following the abolition of Home Packs, energy performance certificates became a mandatory part of selling a property. An EPC must be to hand prior to the property being marketed. It is not something that law firms normally organise. If you are instructing a Pewsey conveyancing practitioner they might be able to arrange EPC’s due to their contacts with reputable Pewsey providers
I have decided to exercise my right to buy my property in Pewsey off the council. I have a mortgage agreed with Aldermore. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Aldermore, you will need to appoint a solicitor on the Aldermore conveyancing panel.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Pewsey building society branch on numerous occasions and was told it does not impact the mortgage offer and they would lend. My Pewsey conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they will not lend based on their specific requirements. I simply don't know who is right.
As long as the conveyancer is on the lender approved list, they must adhere to the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
We're new on the property ladder - agreed a price, but the property agent informed us that the vendor will only proceed if we use the agent's recommended solicitors as they want a ‘quick sale’. We would rather use a family solicitor with experience of conveyancing in Pewsey
We suspect that the owner is unaware of this demand. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Avoid the agents and go straight to the sellers and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to use your own,trusted Pewsey conveyancing solicitors - as opposed tothose that will earn the estate agent a introducer fee or hit his conveyancing thresholds pre-set by senior management.
I own a leasehold house in Pewsey. Conveyancing and Coventry Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Pewsey who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. You do not need to incur the fees of a Pewsey conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a ground floor flat in Pewsey, conveyancing formalities finalised in 1998. How much will my lease extension cost? Corresponding properties in Pewsey with a long lease are worth £201,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 2090
With only 65 years left to run we estimate the premium for your lease extension to span between £13,300 and £15,400 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Are the Pewsey conveyancing lawyers identified as being on the lender conveyancing panel, together with their details provided by the bank?
Pewsey firms and firms conducting conveyancing in Pewsey themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the mortgage company directly.