I plan on buying an apartment in Clun. My lawyer has never been on on the lender conveyancing list. Is it possible for me to continue with my Clun conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
You have a couple of choices open to you here
- Proceed with your preferred Clun property lawyer but your bank will need to appoint a conveyancing practitioner on their conveyancing panel. The net result is additional fees together with potential frustration.
- Choose a new solicitor to act in the purchase, making sure they are on the bank conveyancing panel.
- Convince your lawyer to pull out all the stops to get accepted on the bank’s conveyancing panel
IfI was to purchase a simple residential homein Clun mortgage fee and have no survey and no local authority searches how much could I expect to have to pay for conveyancing in Clun?
The only saving you would make on is the Clun conveyancing searches. Your property lawyer is obliged to do the vast majority of work - money laundering, correspond with the vendors solicitor, SDLT return, register the title etc. You might save a bit for them not needing to register a mortgage but it will not be significant.
What happens if my solicitor is expelled from the HSBC Solicitor panel ahead of completing my conveyancing in Clun?
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 for a fee.
How do I identify a Clun solicitor on the Godiva Mortgages Ltd conveyancing panel? I have a car and am happy to travel upto 10kilometers to meet the lawyer.
You can use the tool on this page. Please select a bank and your location and you will see a number of Clun conveyancing lawyers based on proximity. We have detailed some Clun conveyancing firms at the bottom of this page and you can call them to check if they are on the Godiva Mortgages Ltd approved list
I am hoping to complete next month on a leasehold property in Clun. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Clun should include some of the following:
Does the lease prevent you from renting out the property, or working from home Repair and maintenance of the flat What options are open to you if a neighbour is in violation of a provision in their lease? Responsibility to repair and maintain the building. It is important that you know which party is responsible the repair and maintenance of every part of the building You would want to be sent a copy of the lease
I inherited a leasehold flat in Clun, conveyancing having been completed November 2012. How much will my lease extension cost? Similar properties in Clun with a long lease are worth £206,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 2085
With 66 years unexpired the likely cost is going to be between £11,400 and £13,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.