My mortgage broker says he needs my Radstock solicitor’s panel reference for the Santander conveyancing panel. How do I find this out. I have contacted my local Radstock office but they have not got back to me yet.
You are best placed to get this information from your Radstock conveyancing practitioner . Most Radstock law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
We note that you have a post code search directory identifying law firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Radstock?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Radstock.
It has been five months following my purchase conveyancing in Radstock concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Given that I will soon part with over three hundred thousand on a house in Radstock I wish to talk to a lawyer concerning thehome move in advance of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - we would be pleased to talk to you we do not take any clients on without you speaking to the conveyancer who will be carrying out your property ownership legalities in Radstock.There is no ‘factory style conveyancing’ - each client is an important individual, not a file number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Radstock should be the amount on the final invoice that you end up paying.
Can you provide any top tips for leasehold conveyancing in Radstock from the point of view of speeding up the sale process?
- A significant proportion of the delay in leasehold conveyancing in Radstock can be avoided if you appoint lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ conveyancers. If you have had conflict with your landlord or managing agents it is very important that these are settled prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over as opposed to unresolved. If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example installed wooden flooring? Most leases in Radstock state that internal structural alterations or installing wooden flooring calls for a licence from the Landlord approving such works. If you dont have the consents in place you should not contact the landlord without contacting your lawyer in advance. Some Radstock leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
I inherited a 1 bedroom flat in Radstock, conveyancing having been completed in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Radstock with a long lease are worth £190,000. The ground rent is £45 yearly. The lease expires on 21st October 2088
With 62 years remaining on your lease we estimate the price of your lease extension to range between £17,100 and £19,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
My husband and I have recently had an offer accepted on a house and had meeting on Friday with the Post Office for the mortgage. They have informed us that when it comes to selecting a property lawyer that unless they are on their approved panel of conveyancing practitioners then we will incur an additional fee of £250+. This is because they will then have to appoint a solicitor to act on their behalf as well as the one we choose to act on our behalf and we assume responsibility for their invoice. I have asked the Post Office to furnish me with a list so I can request quotes only from their approved lawyers but was told they dont have such a list to hand over. Is their an easier way of going about this?
You should ask the Post Office what their panel criteria is for a solicitor.Then ask the solicitor of your choice whether they meet the criteria and have they acted on loans for the Post Office previously. If the answer to those is yes, then just clarify this with the Post Office. Another option is to utilise our search tool and we should be able to find you a property lawyer in Radstock on the panel for the Post Office.