Much to our surprise we have been told by our financial adviser that my Finsbury property lawyer is not on the bank Solicitor panel. What can I do to be certain that this is indeed the case?
Your first step should be to call your Finsbury conveyancer. You lawyer should inform you of the situation. If they are not on the panel they may recommend you to a Finsbury conveyancing practice that is on the conveyancing panel for your lender.
IfI was to acquire a freehold housein Finsbury mortgage fee and dispense with a survey and no conveyancing searches how much would I expect to to save on my conveyancing in Finsbury?
The sole reduction in fees you would make on is the costs for searches. Your property lawyer is required to do the vast majority of work - money laundering, communicating with your sellers conveyancer, stamp duty return, register the ownership etc. You might save a bit for them not having to register a mortgage however it won't be a lot.
How up to date is your database of Finsbury solicitors on the Lloyds conveyancing panel? Do Lloyds send you an updated list?
Finsbury conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
we are a couple who are buying a newbuild apartment in Finsbury with a residential mortgage from Lloyds TSB Bank.We have a Finsbury conveyancing practitioner but Lloyds TSB Bank informed us her practice is not listed on their "panel". We have to appoint a Lloyds TSB Bank panel solicitor or retain our high street solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; Can we not simply insist that Lloyds TSB Bank use our lawyer?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, a common one being that conveyancers must be on the Lloyds TSB Bank conveyancing panel. Until recently, most lenders had large numbers of solicitors 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 lawyer to apply to be on the conveyancing panel for Lloyds TSB Bank
My wife and I purchased a leasehold house in Finsbury. Conveyancing and Platform Home Loans Ltd mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in Finsbury who previously acted has long since retired. Do I pay?
The first thing you should do is contact the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a Finsbury conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have given up seeking a lease extension in Finsbury. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Finsbury conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Finsbury property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case related to 1 flat. The unexpired residue of the current lease was 66.8 years.