Me and my partner are purchasing a flat in Somerstown. My Conveyancer is not on the lender approved list. Is it possible for me to continue with my Somerstown conveyancing solicitor even though they are not on the mortgage company panel?
You will need to use a property lawyer to deal with the formalities if you take out a loan to purchase your home. The conveyancer will carry out all the relevant investigations on the property, ensuring that you will be properly registered as the owner and ensure that all the required mortgage documentation is dealt with. You could instruct a Somerstown lawyer of your choosing. However, where the conveyancer selected is not on the mortgage company conveyancing panel additional charges will arise as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so provided your lawyer has not historically sought membership they should take the chance to apply.
We are buying a property and require a conveyancing solicitor in Somerstown who is on the Clydesdale conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Somerstown.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to appoint a Somerstown based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors where you accept the "fee-free" offer. Contact the lender and explore if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Somerstown.
Various web forums that I have visited warn that are the primary cause of delay in Somerstown house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Searches are unlikely to be the root cause of slowing down conveyancing in Somerstown.
Is it best to appoint a Somerstown conveyancing practitioner in close proximity to the house I am purchasing? I have an old university friend who can perform the legal work but his firm is located approximately 350kilometers drive away.
The benefit of a local Somerstown conveyancing practice is that you can attend the office to execute documents, present your ID and pester them where appropriate. They will also have local insight which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that must surpass using an unknown Somerstown conveyancing solicitor solely due to them being Somerstown based.
I own a leasehold house in Somerstown. Conveyancing and Barclays Direct mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Somerstown who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Somerstown conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the leaseholder of a garden flat in Somerstown. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
Most certainly. We can put you in touch with a Somerstown conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Somerstown flat is Flat 120, Clare Court Judd Street in August 2013. the Tribunal held that the premium to be paid for the extension of the lease should be £64,650 This case was in relation to 1 flat. The remaining number of years on the lease was 62.79 years.