I am getting a offer of a home loan from Lloyds. My intention is to use a Licensed Conveyancer in Hatton Park. Does the Lloyds Solicitor panel exclude conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
We had selected conveyancing lawyers locally in Hatton Park on the RBS solicitor panel. They are now charging me a further amount for the legal aspects of the RBS mortgage. Is this an additional conveyancing fee set by RBS?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your property lawyer may charge a fee for this. The fee is not set by RBS but by your Hatton Park solicitor. Numerous firms on the RBS panel will charge an ‘acting for lender’ fee and others do not.
My fiancee and I are spending time viewing houses in Hatton Park and I am now considering a potential offer. Is it sensible to have my lawyer on ‘stand by’? I will be getting a mortgage with Bank of Ireland.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. As you are seeking a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.
After much negotiation I have agreed a price on an apartment in Hatton Park. My mortgage broker pressured me to appoint their lawyer. I paid an upfront payment of £150. Soon after, the lawyer contacted me sheepishly admitting that they were not on the TSB conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the TSB panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Hatton Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Hatton Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am thinking of appointing a conveyancing lawyer in Hatton Park for my home move. Can I see a solicitor's record with the legal regulator?
Members of the public can search for presented Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, dial +44 (0)121 329 6800. The SRA could recorded call for training requirements.
Can you provide any advice for leasehold conveyancing in Hatton Park with the aim of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Hatton Park can be reduced where you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation needed by the buyers’ conveyancers. You may think that you are aware of the number of years left on your lease but you should verify this via your lawyers. A buyer’s conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 75 years. In the circumstances it is important at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you installed wooden flooring? Most leases in Hatton Park state that internal structural alterations or addition of wooden flooring require a licence issued by the Landlord consenting to such alterations. If you dont have the paperwork to hand you should not contact the landlord without contacting your solicitor first. If you have had conflict with your landlord or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a property where a dispute is unresolved. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to present the dispute as historic as opposed to unsettled. Many landlords or Management Companies in Hatton Park charge for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Hatton Park.
I acquired a split level flat in Hatton Park, conveyancing formalities finalised in 2002. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Hatton Park with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ends on 21st October 2099
With just 80 years left to run the likely cost is going to be between £8,600 and £9,800 as well as legals.
The figure that we have given is 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 due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.