My fiance and I are hoping to buy a flat in South Yorkshire and are in fact using a South Yorkshire conveyancing firm. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. National Westminster Bank have this morning contacted us to advise us that there is now an issue as our South Yorkshire solicitor is not on their approved list of lawyers. Is this a problem?
Where you are buying a property needing a mortgage it is conventional for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own South Yorkshire solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Should commercial conveyancing searches disclose proposed roadworks that could impact a commercial premises in South Yorkshire?
Many commercial conveyancing solicitors in South Yorkshire will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in South Yorkshire. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Yorkshire.
For every commercial conveyancing transaction in South Yorkshire it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to South Yorkshire commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in South Yorkshire.
I am looking into buying my first house which is in South Yorkshire and I am already nervous. I couldn't find anything specific about South Yorkshire. Conveyancing will be needed in due course but do you know about the South Yorkshire area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at South Yorkshire. In the meantime here are some basic statistics that we found
What are your top tips when it comes to finding a South Yorkshire conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a South Yorkshire conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non South Yorkshire conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
Can they put you in touch with clients in South Yorkshire who can give a testimonial? How experienced is the firm with lease extension legislation?
I invested in buying a ground floor flat in South Yorkshire, conveyancing was carried out 5 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in South Yorkshire with a long lease are worth £222,000. The ground rent is £50 invoiced every year. The lease runs out on 21st October 2088
With only 70 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 plus 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 the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
I am looking to buy a house and need a conveyancing solicitor in South Yorkshire who is on the lender conveyancing panel. Can you recommend a South Yorkshire or local South Yorkshire solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who do conveyancing in South Yorkshire. We dont recommend any particular firm.