Much to our surprise we have been advised by our lender that my Preston Park the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be sure whether this is correct?
You need to call your Preston Park conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they may recommend you to a Preston Park conveyancing firm that is on the approved list of lawyers for your bank.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to instruct a high street conveyancing solicitor in Preston Park?
You should check but the the probability is that allocate you one of their panel solicitors if you take up the "fee-free" offer. Speak to the lender to see if they offer you a monetary alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Preston Park.
I used Stirling Law several years ago for my conveyancing in Preston Park. Now, I need my documents however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Preston Park of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
My uncle has suggested that I appoint his conveyancers in Preston Park. Do I take his advice?
No doubt it’s preferable to select a conveyancing practitioner is to get referrals from friends or relatives who have actually used the conveyancer you're contemplating using.
My wife and I purchased a leasehold flat in Preston Park. Conveyancing and Nottingham Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Preston Park who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. It is not necessary to instruct a Preston Park conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Preston Park Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
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Where a Preston Park lease has no more than 80 years it will impact the value of the apartment. Check with your lender that they are willing to go ahead with the loan given the lease term. A short lease means that you will almost definitely need a lease extension sooner rather than later and it is worth discovering what this will be. For most Preston Parklease extensions you would be be obliged to have been the owner of the property for 24 months in order to be eligible to extend the lease. How is the lease structured? The best form of lease arrangement is a share of the freehold. In this situation the tenants benefit from control and although a managing agent is often retained if the building is bigger than a house conversion, the managing agent is directed by the tenants.