It has come to my attention via my financial adviser that my Prudhoe property lawyer is not on the lender Conveyancing panel. How can I be certain that this is indeed the case?
Your first step should be to call your Prudhoe lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may be able to suggest a Prudhoe conveyancing practice that is on the conveyancing panel for your bank.
AssumingI was to buy a simple residential homein Prudhoe mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Prudhoe?
Any savings you would gain will be isolated to the Prudhoe conveyancing searches. Your property lawyer still be obliged to do everything else - money laundering, liaising with your vendors conveyancer, SDLT submission, register the title etc. You might save a bit for them not having to register a mortgage however it will not be a lot.
We hope to to purchase with Loughborough BS. I dropped in a few local firms but am struggling to find a Prudhoe conveyancing firm on the Loughborough BS panel. Please you assist?
Feel free to make the most of the find a conveyancing panel solicitor tool on this web page. Pick the lender and type Prudhoe or your preferred area and you will be presented with a number of lawyer based in Prudhoe or by proximity to you.
My uncle advised me that in purchasing a property in Prudhoe there could be various restrictions prohibiting external changes to the property. Is this right?
There are a number of properties in Prudhoe which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Prudhoe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Intending to buy a maisonette in Prudhoe. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Prudhoe lawyer is on the Virgin Money conveyancing panel.
My offer was accepted on a house in Prudhoe on 31/10/2024, valuation was booked 2 days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Yorkshire BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Yorkshire BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Last June I purchased a leasehold flat in Prudhoe. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a 1st floor flat in Prudhoe, conveyancing formalities finalised April 1996. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Prudhoe with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ceases on 21st October 2087
With only 63 years unexpired the likely cost is going to range between £16,200 and £18,600 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
Being a leasehold owner I am liable for a maintenance contribution for my appartment in Prudhoe. Due to losing my job and other issues I fell behind with payments. I negotiated a settlement plan but there is still a couple of currently outstanding.
I now wish to dispose of the property and I am worried this can jeopardize the sale if I have to settle the arrears first. Do I have to settle before - is this possible?
You should check with the conveyancer dealing with your Prudhoe conveyancing but it might be possible to arrange for the debt to be passed to the buyers. The purchase price they pay would be reduced to reflect the amount of debt they take on. They could then deal with the fees once they are the owners.