My financial adviser has asked me for my Portslade lawyer’ panel reference for the Nat West conveyancing panel. What is the best way to find this out. I have contacted my local Portslade branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Portslade conveyancer . Most Portslade conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
My brother-in-law has suggested I instruct a conveyancing solicitor in Portslade. I I am struggling to find out whether they are on the TSB conveyancing panel. Could you help?
The first thing you should do is contact the lawyer and enquire whether they are on the lender panel. Alternatively please call TSB who may be able to assist.
I own a renovated Edwardian property in Portslade. Conveyancing practitioner represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Portslade and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing solicitor who carried out the work.
How does conveyancing in Portslade differ for new build properties?
Most buyers of new build property in Portslade contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Portslade typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Portslade or who has acted in the same development.
I am in need of some leasehold conveyancing in Portslade. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Portslade - then the leasehold title will always include the basic details 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.
I inherited a garden flat in Portslade, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Portslade with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 per annum. The lease runs out on 21st October 2099
With only 80 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.