Is the fact that my solicitor in Atherstone is not listed on my bank's conveyancing panel that there is a problem with the quality of the firm’s conveyancing?
That is more than likely an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack 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. Should you be concerned you should simply call the Atherstone conveyancing practice and ask them why they are no longer on the approved list for your lender.
five months have elapsed since my purchase conveyancing in Atherstone took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in Atherstone. Conveyancing is daunting 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.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Atherstone
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared.
My brother has suggested that I use his conveyancing solicitors in Atherstone. Do I follow his guidance?
No doubt the ideal way to select a conveyancing lawyer is to have feedback from friends or relatives who have used the conveyancer you're considering.
All being well we will complete our sale of a £200,000 flat in Atherstone on Thursday in a week. The management company has quoted £384 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Atherstone?
For the majority of leasehold sales in Atherstone conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Completing pre-contract enquiries
Where consent is required before sale in Atherstone
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Atherstone Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
Is the freehold reversion owned jointly by the leaseholders? Does this lease have more than 82 years unexpired? Plenty Atherstone leasehold properties will have a service bill for the upkeep of the building invoiced by the freeholder. Should you purchase the apartment you will have to pay this amount, usually in instalments throughout the year. This may vary from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a rentcharge to be met yearly, this is usually not a large sum, say approximately £25-£75 but you need to enquire it because occasionally it could be prohibitively expensive.