Am I correct in assuming that the fact that my conveyancer in Matlock is not on my mortgage company's conveyancing panel that there is a problem with the standard of his conveyancing?

That is more than likely a wrong assumption to make. There are all sorts of perfectly 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 lawyer 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 Matlock conveyancing firm and enquire why they are no longer on the approved list for your bank.

I am buying a property and need a conveyancing solicitor in Matlock who is on the Nationwide Building Society solicitor. Can you recommend a local firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nationwide Building Society in certain locations such as Matlock. We dont recommend any particular firm.

I am due to move home in February. Does my conveyancing solicitor call the removal company on the completion day. On a separate note, can you put forward a removal company in Matlock. Conveyancing solicitor was chosen before I stumbled across this website.

On the day of completion you will need to collect the keys from the property agent however this should only occur after the sellers lawyers advise the agent that they have the completion monies and the keys can be handed over. After that you should inform the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can assist you in choosing a conveyancing in Matlock or a lawyer with expertise in conveyancing in Matlock.

I have been told by my solicitor that breach of easement insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Matlock?

The right level of breach of easement indemnity insurance depends on your lender. It would differ for example between Santander and The Mortgage Works. Conveyancing solicitors as opposed to borrowers take out such policies.

Yorkshire BS have agreed my home loan in principle, my offer on a property in Matlock has been accepted, what happens next?

The property agent will wish to be informed of your conveyancer's details (make sure the property lawyers are on the bank’s approved list). Call up Yorkshire BS or the financial adviser and finish off any outstanding forms. Yorkshire BS will sellect a valuer who will get in touch with the selling agent or vendor to schedule a time for the valuation to happen. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Yorkshire BS will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Matlock.

Due to the encouragement of my in-laws I had a survey completed on a house in Matlock before retaining solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders will refuse to grant a loan on a flying freehold house.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Matlock. Conveyancing may be slightly more expensive based on your lender's requirements.

Are there common deficiencies that you encounter in leases for Matlock properties?

Leasehold conveyancing in Matlock is not unique. Most leases are unique and drafting errors can sometimes mean that certain provisions are wrong. For example, if your lease is missing any of the following, it could be defective:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

You may have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, The Royal Bank of Scotland, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, forcing the purchaser to pull out.

I acquired a basement flat in Matlock, conveyancing having been completed 3 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Matlock with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 yearly. The lease finishes on 21st October 2103

With 80 years remaining on your lease we estimate the premium for your lease extension to be between £7,600 and £8,800 plus costs.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures 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. Please do not take any other action placing reliance on this information before seeking the advice of a professional.