I was informed yesterday by my mortgage adviser that my Tring the law firm I have appointed is not on the bank Solicitor panel. How can I check?
You need to contact your Tring lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
Please explain the implications if my lawyer’s firm is suspended from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Tring?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I got the keys to my apartment on 13 November and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Tring said it will be concluded in a couple of weeks. Are properties in Tring uniquely lengthy to register?
As far as conveyancing in Tring registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can vary subject to who lodges the application, whether it is in order and whether the Land registry communicate with any interested persons or bodies. At present roughly three quarters of submission are completed in less than three weeks but some can be subject to extensive delays. Registration is effected after the new owner is living at the property thus 'speed' is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Tring differ for newly converted properties?
Most buyers of new build residence in Tring approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because builders in Tring tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Tring or who has acted in the same development.
I need to instruct a conveyancing solicitor for sale conveyancing in Tring. I've stumble across a site which seems to have the ideal answer If it is possible to get all formalities done via email that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am employed by a busy estate agency in Tring where we see a number of leasehold sales jeopardised due to short leases. I have received inconsistent advice from local Tring conveyancing firms. Please can you clarify whether the owner of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Tring Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
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Its a good idea to discover as much as possible regarding the managing agents as they will either make your life much easier or uncomfortable. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to daily matters like the tidiness of the communal areas. You should not be shy to ask other tenants if they are happy with their service. In conclusion, investigate as to the dates that the service fees are due to the managing agents and specifically what it includes. The answer will be important as a) areas can result in problems in the block as the communal areas may begin to deteriorate if maintenance remain unpaid b) if the tenants have a dispute with the running of the building you will wish to have all the details