My IFA requires my Stafford law firm’s panel reference for the HSBC conveyancing panel. How do I find this out. I have contacted my local Stafford office but they cant find it on their system.
You are best placed to get this information from your Stafford conveyancing practitioner . Most Stafford conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
I own a freehold residence in Stafford yet pay rent, why is this and what is this?
It is rare for properties in Stafford and has limited impact for conveyancing in Stafford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
I'm purchasing a new build house in Stafford with the aid of help to buy. The builders would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not to tell my conveyancer about the side-deal as it would impact my loan with The Royal Bank of Scotland. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £305k and identified one close by in Stafford I like with open areas and station in the vicinity, however it only has 49 years on the lease. There is not much else in Stafford in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
What tools are available to search for a Stafford law firm on the Birmingham Midshires conveyancing panel? I am a keen cyclist and am prepared to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Stafford conveyancing lawyers located nearest you. We have listed some Stafford conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Birmingham Midshires member panel
My step-father has urged me to appoint his lawyers for conveyancing in Stafford. Do I take his guidance?
No doubt the best way to choose a conveyancing lawyer is to get referrals from friends or family who have experience in using the firm you're are thinking of instructing.