My Conveyancer in Pound Hill has never been on on the Barnsley Building Society Solicitor Panel. Is it possible for me to use my prefered solicitor notwithstanding that they are not on the Barnsley Building Society approved list?
Your options are as follows:
- Carry on with your existing Pound Hill solicitors but Barnsley Building Society will need to retain a solicitor on their panel. This will inevitably rack up the total conveyancing fees and result in delays.
- Find a new lawyer to to deal with the purchase, not forgetting to check they are Persuade your lawyer to use their best endeavours to join the Barnsley Building Society conveyancing panel
3 months have elapsed following my purchase conveyancing in Pound Hill concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 residence 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'm buying a new build house in Pound Hill benefiting from help to buy. The sellers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not disclose to my solicitor about this side-deal as it will affect my loan with National Westminster Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been sourcing a conveyancing solicitor in Pound Hill for my remortgage. Is there any facility to review a firm’s complaints history with the legal regulator?
You may see documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions started on or after Jan 2008. Go to Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor call for training purposes.
I am hoping to put an offer on a small detached house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Pound Hill. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Pound Hill are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Pound Hill in which case you should be looking for a Pound Hill conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your conveyancer will appraise you on the various issues.
I invested in buying a split level flat in Pound Hill, conveyancing was carried out in 2009. Can you work out an approximate cost of a lease extension? Corresponding flats in Pound Hill with an extended lease are worth £202,000. The ground rent is £60 levied per year. The lease ceases on 21st October 2082
With just 57 years remaining on your lease the likely cost is going to span between £28,500 and £33,000 as well as 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 provide the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.