My wife and I are buying a 3 bedroom flat in Clophill with a mortgage. We would like to retain our Clophill solicitor, however the lender advise he's not on their "panel". We have to appoint one of the lender panel firms or continue with our Clophill conveyancing practitioner and pay for one of their panel lawyers to represent them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Clophill conveyancing lawyer to apply to be on the conveyancing panel.
It is is a decade since I purchased my house in Clophill. Conveyancing lawyers have now been instructed on the sale but I can't locate the deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a chance that the deeds will be with the lender or they could be in the possession of the conveyancers who oversaw your purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Clophill relates to registered property but in the unlikely event that your property is unregistered it is more of a problem but is resolvable.
It has been 4 months since my purchase conveyancing in Clophill took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 premises 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.
I need to appoint a conveyancing solicitor for sale conveyancing in Clophill. I have discover a web site which seems to have the perfect answer If there is a chance to get all the legals completed via web that would be preferable. Should I be wary? What should out be looking out for?
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 only have Fifty years remaining on my flat in Clophill. I now wish to extend my lease but my freeholder is missing. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to prove that you have used your best endeavours to find the freeholder. For most situations a specialist may be useful to try and locate and prepare a report which can be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a solicitor both on proving the landlord’s disappearance and the vesting order request to the County Court covering Clophill.
Leasehold Conveyancing in Clophill - Sample of Queries Prior to buying
The answer will be important as a) areas could cause problems in the building as the communal areas may start to deteriorate where maintenance are not paid for b) if the leaseholders have a dispute with the running of the building you will need to have complete disclosure Can you tell me if there are any major works anticipated that will likely increase the maintenance fees? How many years are left on the lease?