I am in a contract race with another prospective purchaser for a property in Longthorpe. What can I do to speed up matters?
Where you are under a tight deadline for your conveyancing we would recommend that your conveyancer is familiar with the location as they will make use of local connections and insight. It is even conceivable that they would have handled previoushomes in the same road. You would be best advised to use a Longthorpe conveyancing lawyer. Second, double check that the lawyer is on the on the approved list for your mortgage company. It is believed that 18% of Longthorpe conveyancing transactions are held up or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being delayed by an average of 21 days. It is understood that this issue affects in the region of one hundred thousand home sales every year. Almost all Longthorpe conveyancing practices can not represent certain mortgage companies so do check as early as possible.
Our bank has recommended solicitors on their panel based in Longthorpe but I would rather instruct a conveyancing lawyer in Longthorpe local to me. Are you able to help?
Far from all Longthorpe conveyancing practitioners are listed all lender’s conveyancing panel. Do make use of the above find an approved solicitor tool to locate a Longthorpe conveyancing firm on the on the mortgage company panel.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Longthorpe?
There are many recorded licenced Conveyancers in Longthorpe and Solicitor practices in Longthorpe to choose from It is important to make clear that the two are regulated professionals specialising in the legal work in transferring property. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Are all Longthorpe Conveyancing Quality Solicitors on the Barclays conveyancing panel?
A selection of banks and building societies now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
When it comes to mortgage companies such as Santander, do Longthorpe conveyancers have to pay a yearly amount to be on the list of approved solicitors?
We are unaware 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 application.
How do I use your search facility to choose a conveyancing lawyer in Longthorpe on the approved list for my lender?
First select a lender such as HSBC Bank, Norwich and Peterborough Building Society or Aldermore then choose your location such as Longthorpe. Conveyancing practices in Longthorpe and beyond should be identified.
I own a leasehold house in Longthorpe. Conveyancing and Lloyds TSB Bank mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Longthorpe who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Longthorpe conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I invested in buying a leasehold flat in Longthorpe, conveyancing was carried out November 2003. Can you work out an approximate cost of a lease extension? Similar properties in Longthorpe with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2090
With only 69 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.