The Barnard Castle conveyancing solicitors that I appointed last week on my purchase in Barnard Castle have suddenly closed. They were on acting for me because I needed a lawyer on the Aldermore conveyancing panel and my previous Barnard Castle lawyer was not. I wrote them a cheque for two hundred pounds in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
My friend advised me that where I am buying in Barnard Castle I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Barnard Castle conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Barnard Castle around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Barnard Castle Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Barnard Castle.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Barnard Castle for a purchase of a leasehold flat 12 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Barnard Castle conveyancing specialists.
All being well we will complete the disposal of our £325,000 garden flat in Barnard Castle in 5 days. The managing agents has quoted £372 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Barnard Castle?
Barnard Castle conveyancing on leasehold maisonettes ordinarily results in fees being invoiced by freeholders :
Completing pre-contract questions
Where consent is required before sale in Barnard Castle
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a basement flat in Barnard Castle, conveyancing was carried out in 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Barnard Castle with an extended lease are worth £216,000. The ground rent is £50 charged once a year. The lease ends on 21st October 2088
With 69 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
The estate agent has suggested using their lawyer for the conveyancing in Barnard Castle - Surely it’s advisable to just use them?
It is not always the case and you are entitled to opt for whichever conveyancer you decide for your Barnard Castle conveyancing. A property lawyer recommended by a 3rd party adviser may not necessarily be the best solicitor, they may put forward their own conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.