I had intended to instruct a conveyancing solicitor in High Peak for our house purchase. Our broker has since advised us that our mortgage company Leeds Building Society won't deal with them. Why is this not regarded as unduly restrictive?
A lender may require an approved conveyancer act for it. Borrowers are liable to meet the charges for this. Please make use of our search facility to select a solicitor to conduct conveyancing in High Peak on the Leeds Building Society conveyancing panel.
When it comes to lenders such as UBS, do High Peak solicitors incur a yearly amount to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Last month we had a mortgage agreed in principle with Kent Reliance. High Peak conveyancing lawyers were appointed. How long does it take for Kent Reliance to issue the offer to the solicitor?
There is no definitive answer here. Have Kent Reliance done the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a High Peak conveyancer on the Santander panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
Due to the input of my in-laws I had a survey completed on a house in High Peak prior to retaining solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some lenders tend not issue a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in High Peak. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in High Peak to see if the conveyancing costs will increase in light of this.
We expect to complete the sale of our £175,000 flat in High Peak next Monday. The managing agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in High Peak?
High Peak conveyancing on leasehold maisonettes normally requires the purchaser’s conveyancer submitting questions for the landlord to address. Although the landlord is under no legal obligation to respond to such questions the majority will be content to assist. They are entitled to levy a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of rights and obligations in relation to administration charges, without which the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is demanded if you want to exchange contracts with the buyer.
Leasehold Conveyancing in High Peak - Sample of Queries before Purchasing
Who are the managing agents? Does the lease have onerous restrictions? It is important to be aware if redecorating or some other major work is anticipated that will be shared by the leasehold owners and will materially increase the the maintenance charges or result in a specific invoice.
We are considering using a web based lawyer ahead of a High Peak conveyancing practice. Am I making a mistake?
Various benefits exist in having the opportunity to attend a local High Peak conveyancing solicitor for example
- signing documents on short notice
- having face-to-face explanations of matters that you need help with
- the ability to raise concerns if matters go pear-shaped
When analysing estimates, look carefully for hidden extras. The majority decent High Peak high street solicitors give an all-inclusive price. Many online companies seem to offer discounted prices, but have hidden 'extras' in the small print.