I am progressing with the sale of my apartment in Sandiacre and the estate agent has just called to warn that the purchasers are changing their law firm. The excuse is that the mortgage company will only work with property lawyers on their approved list. On what basis would a big named mortgage company only engage with certain solicitors rather the firm that they want to select for their conveyancing in Sandiacre ?
Mortgage companies have always had an approved set of law firms they are content to work with, but in the last few years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for over 25 years.
Lending institutions point to the increase in fraud by way of justification for the cull – criteria have been narrowed as a smaller panel is easier to monitor. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.
We are purchasing a flat in Sandiacre. It might be a silly question but how we can trust a solicitor? On the day of competition we have to deposit our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Sandiacre solicitors on the Nottingham conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Nottingham approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many lenders do list licenced conveyancers on their panel and in such a situation the firms would be regulated by the Council of Licensed Conveyancers.
I'm in the throws of looking at flats in Sandiacre and I am now considering a potential offer. Should I already have a lawyer appointed at this stage? I am planning to take a mortgage with Barclays.
It would be advisable to start your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are getting a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
I have recentlydiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Sandiacre for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is in my name in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Sandiacre conveyancing specialists.
I am looking to sell my property. My previous conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Sandiacre if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Sandiacre. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Having had my offer accepted I require leasehold conveyancing in Sandiacre. 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 Sandiacre - 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 invested in buying a ground floor flat in Sandiacre, conveyancing was carried out September 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Sandiacre with an extended lease are worth £185,000. The ground rent is £65 yearly. The lease finishes on 21st October 2082
With 61 years remaining on your lease the likely cost is going to range between £18,100 and £20,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.