My financial adviser has asked me for my South Brent solicitor’s panel reference for the Nat West conveyancing panel. Can you suggest how I discover this. I have called my local South Brent branch but they have not responded to me.
Have you tried calling your South Brent solicitor about this?. Most South Brent conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
We are only a couple days away from an exchange on a flat in South Brent and my mum and dad have sent the ten percent deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?
The conveyancer is legally required to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Various online forums that I have come across warn that are a common reason for hinderance in South Brent conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any holding up conveyancing in South Brent.
The deeds to my house are lost. The lawyers who did the conveyancing in South Brent 10 years ago have long since closed. What do I do?
Gone are the days when you need to have the physical original deeds to prove you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
There are only 72 years left on my lease in South Brent. I am keen to extend my lease but my landlord is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to demonstrate that you have done all that could be expected to find the lessor. For most situations an enquiry agent may be helpful to carry out a search and prepare a report which can be used as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the vesting order request to the County Court covering South Brent.
Leasehold Conveyancing in South Brent - Sample of Questions you should ask Prior to buying
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Who are the managing agents? Please note that where the lease has less than 80 years it will have adverse implications on the value of the property. It is worth checking with your bank that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will probably have to extend the lease at some point and it is worth discovering what this would cost. For most South Brentlease extensions you will be required to have been the owner of the premises for two years in order to be entitled to carry out a lease extension. How long is the Lease?
As a leasehold owner I am liable for a service charge for my ground floor flat in South Brent. As a result of poor financial planning I slipped behind with remittance. The managing agents agreed a payment plan but there remains two due in arrears.
I am under pressure to dispose of the property and I am worried this could hold me back if I have to settle the arrears first. I'd like to sell up and then pay them back with the proceeds - is this achievable?
Your lawyer should be able to negotiate with the management company, with a new to seeing if they would accept settlement from sale proceeds. Here is indicative of why it is sensible to select a conveyancing practitioner in South Brent as they may well enjoy an established relationship with the management company.