My husband and I are only a couple days away from an exchange on a flat in Rumney and my mum and dad have sent the exchange deposit to my solicitor. I am now advised that as the deposit has not come from me my conveyancer needs to make a notification to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The property lawyer is legally required to clarify with mortgage company to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
We are planning to buy with Darlington Building Society. I called into a couple of high street practices yet am struggling to find a Rumney conveyancing firm on the Darlington Building Society approved list. Please you assist?
You should make the most of the search tool on this web page. Pick the mortgage company and type Rumney or your location and you will be presented with a number of lawyer located in Rumney or nearest you.
When it comes to mortgage companies such as Virgin Money, do Rumney conveyancers incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Can I be sure that the Rumney conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Rumney getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer conducting your conveyancing.
I recently had an offer agreed on an apartment in Rumney. My financial adviser recommended their conveyancers. I paid an upfront payment of £175. A couple of days later, the lawyer contacted me embarrassingly acknowledging that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am downsizing from my house. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Rumney if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Rumney. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I am thinking of appointing a conveyancing lawyer in Rumney for my remortgage. Is there any facility to review a solicitor's complaints history with the legal regulator?
One can read published Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after Jan 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could monitor call for training purposes.
Estate agents have just been given the go-ahead to market my ground floor apartment in Rumney. Conveyancing solicitors are to be appointed soon, however I have recently received a quarterly service charge invoice – what should I do?
The sensible thing to do is pay the maintenance contribution as you normally would because all ground rent and maintenance payments should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a 2 bed flat in Rumney, conveyancing was carried out February 1996. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Rumney with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease ceases on 21st October 2081
With only 57 years remaining on your lease we estimate the price of your lease extension to range between £28,500 and £33,000 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.