Can I be sure that the Sherwood conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in Sherwood getting recommendations is a good starting point. 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 advertising the lowest fees. We would always advocate that you speak with the solicitor handling your transaction.
Barclays have agreed my mortgage in principle, my offer on a flat in Sherwood has been accepted, now what?
Your property agent will want to be advised as to your conveyancer's details (ensure that the solicitors are on the lender’s panel). Contact Barclays or the financial adviser and complete any outstanding forms. Barclays will appoint a valuer who will get in touch with the selling agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Barclays will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Sherwood.
My sealed bid on a house in Sherwood has been agreed to, but there is a chain. The vendors have placed an offer on on an apartment, however it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have instructed a high street conveyancing solicitor in Sherwood. What should be my next step? When do I get the mortgage application with Leeds Building Society going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then valuation, Sherwood conveyancing search charges, etc). The first course of action is to ensure that your lawyer is on the Leeds Building Society approved list. As to the next phase this very much depends on the specifics of your case, desire for this property and on the state of the market. In a buoyant market some home buyers will apply for a home loan with Leeds Building Society and arrange for the valuation and only if it was satisfactory would they pay their solicitor to press on with the conveyancing in Sherwood.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Sherwood I like with open areas and transport links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Sherwood suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
In what way does the Landlord & Tenant Act 1954 impact my commercial offices in Sherwood and how can you help?
The 1954 Act gives protection to business leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Sherwood
We are 18 days into a leasehold purchase having been recommend to conveyancers by the selling agent to carry out the conveyancing in Sherwood. I am am starting to be frustrated with the quality of service. Could you you assist me in finding new solicitors?
A conveyancer would need to be really bad in order to consider replacing them. Has your loan offer been generated? In the event that it has you must inform them of the replacement lawyer and ensure the loan are issued to the new lawyers. Your solicitor ideally needs to be on the lenders panel to avoid supplemental expenses and frustration. So that should be your first question of the new solicitors. Our search tool will assist you in finding a lender approved lawyer for your home move in Sherwood
My solicitor in Sherwood has requested from me proof of ID documents saying that this is part of his retainer as a conveyancer on the lender Solicitor panel. Can this be correct?
Due to Money Laundering Regulations your conveyancing lawyer is duty bound to confirm positively your identification when entering into a business relationship with you. It is a criminal offence if your lawyer not do this. If you do not provide ID early in the transaction the solicitor must refuse to act for you. It’s unlikely a lawyer will turn you away if you come to the first meeting without relevant ID but you will have to produce it at some point so you might as well bring it with you to the initial meeting so the lawyer can tick the ID verification box and start sorting out the conveyancing straight away. If you are getting a mortgage, your lawyer also has to check ID documents to satisfy the lender. This is not specific to conveyancing in Sherwood