My financial adviser has asked me for my Blaby lawyer’ panel reference for the HSBC conveyancing panel. How do I discover this. I have called my local Blaby office but they don't know it.
You are best placed to get this information from your Blaby property lawyer . They keep a central record lender panel numbers.
Will our conveyancer be asking questions regarding flooding as part of the conveyancing in Blaby.
Flooding is a growing risk for lawyers specialising in conveyancing in Blaby. Plenty of people will buy a property in Blaby, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous searches that may be undertaken by the buyer or on a buyer’s behalf which can figure out the risks in Blaby. The conventional set of property information forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the vendor to determine whether the property has suffered from flooding. If the premises has been flooded in past which is not disclosed by the vendor, then a purchaser could bring a compensation claim resulting from an incorrect response. The purchaser’s solicitors may also carry out an environmental search. This should indicate if there is a recorded flood risk. If so, further investigations should be made.
How does conveyancing in Blaby differ for new build properties?
Most buyers of new build or newly converted property in Blaby contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Blaby tend to acquire 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 property lawyers 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 used to new build conveyancing in Blaby or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Blaby prior to instructing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some banks tend not give a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Blaby. Conveyancing may be slightly more expensive based on your lender's requirements.
My wife and I purchased a leasehold house in Blaby. Conveyancing and The Royal Bank of Scotland mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Blaby who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. It is not necessary to instruct a Blaby conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a studio flat in Blaby, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable flats in Blaby with an extended lease are worth £197,000. The ground rent is £55 invoiced every year. The lease runs out on 21st October 2074
You have 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.