My financial adviser says he needs my Sedgefield law firm’s panel reference for the HSBC conveyancing panel. What is the best way to find this out. I have contacted my local Sedgefield branch but they have not responded to me.
The sensible thing to do is ask for this information from your Sedgefield lawyer . Most Sedgefield conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Should lawyers ask for an advanced payment for conveyancing in Sedgefield?
Where you are retaining lawyers for conveyancing in Sedgefield your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. Normally this is requested to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this will be needed immediately before contracts are exchanged. The final balance that is due should be transferred a couple of days prior to the completion date.
is it true that all Sedgefield solicitor practices on the TSB conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the TSB approved list of solicitors they would need to be governed by the SRA. Many banks do allow licenced conveyancers on their panel and in such a situation the organisation would be overseen by the Council of Licensed Conveyancers.
How can we know in advance if a Sedgefield conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Sedgefield getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor handling your transaction.
I am selling my house. I had a double glazing fitted in July 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Co-operative are being a right pain. The Sedgefield solicitor who is on the Co-operative conveyancing panel is saying indemnity insurance will be fine but Co-operative are requiring a building regulation certificate. Why do Co-operative have a conveyancing panel if they don't accept advice from them?
It is probably the case that Co-operative have referred the matter to their valuer. The reason why Co-operative may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
As co-executor for the will of my aunt I am disposing of a house in Cardiff but live in Sedgefield. My conveyancer (approximately 200 kilometers from meneeds me to sign a statutory declaration ahead of completion. Could you suggest a conveyancing practitioner in Sedgefield to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are based in Sedgefield
My wife and I purchased a leasehold house in Sedgefield. Conveyancing and Barclays mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1993. The conveyancing solicitor in Sedgefield who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to make sure that this person is indeed the new freeholder. There is no need to incur the fees of a Sedgefield conveyancing solicitor to do this as it can be done on-line for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a ground floor flat in Sedgefield, conveyancing formalities finalised 4 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Sedgefield with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease runs out on 21st October 2087
With only 66 years left to run we estimate the premium for your lease extension to span between £11,400 and £13,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.