Is the fact that my solicitor in Towcester is not identified on my bank's solicitor panel that there is a problem with the standard of the firm’s conveyancing?
That is most likely an incorrect assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should contact the Towcester conveyancing practice and enquire why they are no longer on the approved list for your bank.
I note that there are debates on Chancel Insurance on online forums. Do I need this when buying a residence in Towcester? or Apparently there is a law dating back centuries that could mean that owners of property living in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this relevant for conveyancing in Towcester?
Unless a prior acquisition of the property took place after 12 October 2013 you may assume that solicitors carrying out conveyancing in Towcester to remain recommending a chancel search and or chancel repair liability insurance.
The deeds to our house are lost. The solicitors who dealt with the conveyancing in Towcester 5 years ago no longer exist. What are my next steps?
In today’s world there are copies made of almost everything, and your lawyer will be aware precisely where to locate all the relevant paperwork so you can buy or sell your house without any difficulty. If copies are not available, your solicitor can arrange cover in the form of insurance or indemnities protecting you against future claims on the property.
About to purchase a new build flat in Towcester. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Towcester
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Towcester I like with a park and station nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in Towcester for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan that many years will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I cannot be present at my Towcester conveyancing solicitors office to sign documents for conveyancing in Towcester – will this be problematic?
You need not be concerned. Towcester conveyancing solicitors can undertake conveyancing transactions for clients across the country. It is not necessary for you to be able to visit a Towcester conveyancers office. Almost all solicitor can undertake all communications via phone, post and email - whatever works for you.