In what way does my ID and proof of funds have anything to do with my conveyancing in Sleaford? What am I being asked for?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the potential client they are dealing with before they can accept their conveyancing business. The Terms of Engagement that you need to sign should reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Should you are unwilling to supply ID verification documents, your conveyancer would not be able to accept instructions from you.
Can you point me to a directory of TSB panel conveyancers in Sleaford on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings viewable online. If you are looking for a Sleaford property lawyer on the TSB please use our tool.
I recently had an offer agreed on an apartment in Sleaford. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £200. Soon after, the conveyancer called me embarrassingly acknowledging that they were not on the Santander 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 Santander 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.
Having read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Sleaford solicitor - who is on the Aldermore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Sleaford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Are there any apps to assist me to locate a Sleaford law firm on the Lloyds TSB Bank conveyancing panel? I have a car and am willing to travel upto 20miles to meet the conveyancer.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Sleaford conveyancing lawyers located nearest you. We have listed some Sleaford conveyancing firms at the bottom of this page and you can ring them to verify if they are on the Lloyds TSB Bank member panel
As co-executor for the will of my aunt I am disposing of a house in Newport but live in Sleaford. My solicitor (based 235 kilometers awayhas requested that I execute a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Sleaford to attest and place their company stamp on the document?
Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Sleaford
Do you have any advice for leasehold conveyancing in Sleaford from the point of view of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Sleaford can be avoided where you appoint lawyers as soon as your agents start marketing the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ solicitors. You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this by asking your conveyancers. A buyer’s lawyer will be unlikely to recommend their client to where the lease term is less than 75 years. It is therefore essential at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. Some Sleaford leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice 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. If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share document. Organising a new share certificate is often a lengthy process and frustrates many a Sleaford conveyancing deal. Where a new share is necessary, you should approach the company director and secretary or managing agents (if applicable) for this at the earliest opportunity.
I own a leasehold flat in Sleaford, conveyancing was carried out in 2000. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Sleaford with an extended lease are worth £181,000. The ground rent is £55 charged once a year. The lease terminates on 21st October 2076
You have 51 years unexpired the likely cost is going to span between £30,400 and £35,200 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more 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 you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
The mortgage broker has suggested using their conveyancing practitioner for our conveyancing in Sleaford - won’t it be better to just instruct them?
You need to establish if the selling agent is recommending a conveyancing practitioner or introducing to a property lawyer. There are plenty of Sleaford estate agents who recommend two or three Sleaford conveyancing firms and get nothing from it.