Is the fact that my conveyancer in Farnham Common is not listed on my lender's conveyancing panel that there is a problem with the standard of the firm’s work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator revealed 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 solicitor 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 Farnham Common conveyancing firm and enquire why they are no longer on the approved list for your bank.
What is the optimum way to find out if the solicitor handling my conveyancing in Farnham Common is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £175.00 in another set of legal invoice.
Feel free to take advantage of the search tool on this page. Pick the lender and type ‘Farnham Common’ or your preferred area and you will be presented with a number of lawyer based in Farnham Common or by proximity to you.
I am buying a new build apartment in Farnham Common. Conveyancing is necessary evil 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.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Farnham Common
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I have been on the look out for a flat up to £245,000 and found one round the corner in Farnham Common I like with a park and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Farnham Common in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
How does the Landlord & Tenant Act 1954 impact my commercial offices in Farnham Common and how can you help?
The 1954 Act affords protection to commercial lessees, giving them the a statutory right to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Farnham Common