How do I find out if the solicitor handling my conveyancing in Southborough is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Lloyds TSB Bank thus spending £192.00 in additional legal fees.
Feel free to make use of the search tool on this page. Please choose the mortgage company and type ‘Southborough’ or your location and you will discover numerous solicitors located in Southborough or by proximity to you.
We had chosen conveyancing lawyers locally in Southborough on the Skipton solicitor approved list. They have just invoiced me an additional charge for the legal aspects of the Skipton mortgage. Is this a supplemental conveyancing fee specified by Skipton?
Provided it is contained in their Terms and Conditions or Quote then yes your solicitor can charge a fee for this. The fee is not set by Skipton but by your Southborough conveyancer. Plenty of firms on the Skipton panel will levy ’dealing with mortgage’ fee but some firms include it on their overall fee.
We have a mortgage agreed in principle with Nationwide. Southborough conveyancing solicitors are appointed. What is the average time that one could expect to receive a mortgage offer from Nationwide?
Some lenders take longer than others. Have Nationwide completed the survey? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
The formalities of my purchase has taken place for my property in Southborough. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Are there restrictive covenants that are commonly identified as part of conveyancing in Southborough?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Southborough. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Southborough is the location of the property. What do you suggest?
Flying freeholds in Southborough are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southborough you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southborough may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £375,000 flat in Southborough next week. The management company has quoted £336 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Southborough?
Southborough conveyancing on leasehold apartments usually necessitates the buyer’s lawyer submitting questions for the landlord to address. Although the landlord is under no legal obligation to respond to these enquiries most will be willing to do so. They may levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some situations it is in excess of £800. The administration charge required by the landlord must be sent together with a summary of entitlements and obligations in relation to administration charges, otherwise the charge is not strictly payable. In reality one has no option but to pay whatever is requested of you should you wish to sell the property.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Southborough conveyancing firm to help?
Where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.
An example of a Lease Extension case for a Southborough flat is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The unexpired term was 50.57 years.
Developers have suggested I use a conveyancer and I've obtained an estimate from them. They are nearly three hundred pounds cheaper than my preferred Southborough conveyancing practitioner. Should I use them?
Developers normally have lists of property lawyers who are quick and who know the developer’s contract and lawyer. Plenty of developers offer an inducement to choose a preferred lawyer for this reason, any increased fees can be avoided and a builder will not recommend a conveyancing warehouse and run the risk of having the transaction stall when they require an exchange within a tight time frame. The argument for not agreeing to use the recommended conveyancer is that they may prove reluctant to fight for your interests for fear of alienating the developer. If you worry that this may be the case you should keep with your high street Southborough lawyer.