Much to our surprise we have been informed by our broker that my Stamfordham lawyer is not on the bank Solicitor panel. How can I be sure whether this is correct?
The first thing you need to do is to call your Stamfordham lawyer directly. You lawyer should advise you what has happened. Where they are not on the panel they may recommend you to a Stamfordham conveyancing practice that is on the conveyancing panel for your lender.
Do banks and building societies provide you with an approved list of Stamfordham conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?
Stamfordham conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
I am assisting my aunt sell her property in Stamfordham. Will the solicitor arrange the energy assessment or should I organise this?
After the demise of Home Information Packs, energy performance certificates became a compulsory part of selling a house. An EPC must be to hand before the property is placed on the market. This is not as aspect of the sale process that solicitors ordinarily organise. If you are instructing a Stamfordham conveyancing lawyer they might help arrange energy performance certificates due to their contacts with long established local energy assessors
My bid for a property was accepted at auction in Stamfordham. Conveyancing is required. What is next?
Now that you have exchanged you now have to retain a conveyancing solicitor quickly as you are facing a pending a fixed date to complete the transaction. All auction property will have a bespoke legal pack. This will include most,if not all of the documents that your lawyer requires. In the case of leasehold premises the auction papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to leasehold premises. You need to hand this to your appointed conveyancing solicitor ASAP. Do make sure that you have funds in order to complete on the on the contractual date .
I recently had an offer accepted on a house in Stamfordham. My financial adviser recommended their conveyancers. I paid an upfront payment of £225. Not long after, the lawyer contacted me embarrassingly acknowledging that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am looking into buying my first house which is in Stamfordham and I am already nervous. I couldn't find anything specific about Stamfordham. Conveyancing will be needed in due course but do you know about the Stamfordham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stamfordham. In the meantime here are some basic statistics that we found
I am a negotiator for a long established estate agent office in Stamfordham where we see a number of leasehold sales derailed due to leases having less than 80 years remaining. I have been given inconsistent advice from local Stamfordham conveyancing firms. Can you shed some light as to whether the vendor of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a split level flat in Stamfordham, conveyancing having been completed 8 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Stamfordham with over 90 years remaining are worth £192,000. The ground rent is £55 levied per year. The lease terminates on 21st October 2073
With only 54 years remaining on your lease we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.