I am obtaining a offer of a home loan from Santander. I would like to retain the legal services of a Licensed Conveyancer in Shefford. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We note that you have a post code search directory listing firms on the Bank of Ireland conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Shefford?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shefford.
What is the difference between a licensed conveyancer and conveyancing solicitor in Shefford
There are many registered licenced Conveyancers in Shefford and Solicitor partnerships in Shefford to choose from It is important to make clear that the two are regulated professionals specialising in the legal work in transferring property. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Are all Shefford Conveyancing Quality Solicitors on the Clydesdale conveyancing panel?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.
We had instructed conveyancing lawyers located in Shefford on the Coventry BS solicitor approved list. They are now charging me a further charge for dealing with the Coventry BS mortgage. Is this an additional conveyancing fee set by Coventry BS?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer can levy a fee for this. The fee is not dictated by Coventry BS but by your Shefford conveyancing practitioner. Plenty of firms on the Coventry BS panel will charge an ‘acting for lender’ fee and others do not.
As co-executor for the will of my uncle I am selling a house in Newport but live in Shefford. My lawyer (who is 300 kilometers from merequires that I sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Shefford to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Shefford based
When it comes to leasehold conveyancing in Shefford what are the most frequent lease problems?
There is nothing unique about leasehold conveyancing in Shefford. Most leases are unique and legal mistakes in the legal wording can result in certain sections are missing. The following missing provisions could result in a defective lease:
Maintenance charge proportions which don’t add up to the correct percentage A duty to insure the building
You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Coventry Building Society, and TSB all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
I purchased a garden flat in Shefford, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Shefford with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 2081
With only 62 years unexpired we estimate the premium for your lease extension to range between £17,100 and £19,800 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.