I have just been advised by my mortgage broker that my Old Swan lawyer is not on the bank Solicitor panel. What can I do to check?
You need to contact your Old Swan lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Old Swan conveyancing firm that is on the approved list of lawyers for your bank.
Why is leasehold purchase conveyancing in Old Swan is more expensive?
In summary, leasehold conveyancing in Old Swan and Merseyside usually necessitates more hours of investigation compared to freehold transactions. This includes analysing the lease terms, liaising with the landlord concerning the service of required notices, securing up-to-date service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
It has been three months following my purchase conveyancing in Old Swan completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been sourcing a conveyancing practitioner in Old Swan for my house move. Is it possible to see a solicitor's complaints history with the profession’s regulator?
You can review published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, ring 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 regulator sometimes monitor call for training purposes.
Having had my offer accepted I require leasehold conveyancing in Old Swan. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and almost all are in Old Swan - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Old Swan - Examples of Queries before buying
What prohibitions are there in the Old Swan Lease? Best to be warned if fixing the lift or some other major work is anticipated to be shared by the leasehold owners and will dramatically increase the the service charges or require a one off payment. Can you inform me if there are any major works anticipated that will add a premium to the service fees?