Can you explain why leasehold purchase conveyancing in Piccadilly is more expensive?
Piccadilly leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
The Piccadilly conveyancing solicitors that I appointed last week on my purchase in Piccadilly have without warning closed. I only went with them because I had to have a solicitor on the Clydesdale conveyancing panel and my preferred Piccadilly lawyer was not. I cut them a cheque for £250 in advance. What are my options?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.
We previously chose conveyancers locally in Piccadilly on the Co-operative solicitor approved list. They have just billed me a further amount for the legal aspects of the Co-operative mortgage. Is this an additional conveyancing fee set by Co-operative?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your conveyancing practitioner may levy a fee for this. This fee is not set by Co-operative but by your Piccadilly conveyancing practitioner. Numerous firms on the Co-operative panel will levy ’dealing with mortgage’ fee and others do not.
I am purchasing a property in Piccadilly. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
As your lender is HSBC your lawyer must follow the formal instructions set out in Section 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to HSBC where a lease does not comply with these requirements. The requirements relate to the installation of panels on properties countrywide and is not limited to Piccadilly.
I am currently in the process of buying my council flat in Piccadilly. I have a mortgage offer with TSB. 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 TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
I know that there are debates on Chancel Insurance on online forums. Do I need this when acquiring a property in Piccadilly? or Apparently there is historic law that means some homeowners living in a parish church boundary may be liable to pay for maintenance to the chancel within the church. Is this relevant for conveyancing in Piccadilly?
Unless a prior purchase of the property completed after 12 October 2013 you can assume that lawyers conducting conveyancing in Piccadilly to remain encouraging a chancel search and or chancel repair liability insurance.
I used Action Conveyancing a few years ago for my conveyancing in Piccadilly. I now require my file but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Piccadilly of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I previously informed by my lender that their approved solicitors operate no sale no charge basis for conveyancing in Piccadilly. I had a purchase fall through nevertheless the conveyancers have invoiced for search fees! They say the fees are nothing to do with their fees!
Piccadilly conveyancing search costs are separate expenses not solicitors costs as these are payable to independent parties.