Unfortunately I am unable to travel far from Stoke Park. I would like to know the reason why all Stoke Park conveyancers aren't included on all mortgage company panels?
Mortgage Companies normally restrict either the nature or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a firm needs to have two or more partners. In addition to restricting the type of firm, some banks made a decision to restrict the size of their panel they use to act for them. It is worth noting that lenders have no accountability for the accuracy of conveyancing given by any Stoke Park conveyancing practitioner on their panel. Property fraud was the main trigger for the culling of solicitor panels a few years ago even though there are contrary points of view about whether solicitors sat at the center of that fraud. Data published by HM Land Registry indicates that thousands of conveyancing organisations only conduct less than three conveyances annually. Those advocating conveyancing panel cuts question why law firms deserve claim to be listed on a conveyancing panel when clearly property law is not their speciality?
Can you explain why leasehold purchase conveyancing in Stoke Park is more expensive?
The conveyancing costs on a leasehold premises in Stoke Park is often greater than on a freehold residence. This is due to the supplemental work required in liaising with the freeholder and management company to obtain evidence about whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the building.
3 months have elapsed since my purchase conveyancing in Stoke Park took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Completion is due on our sale of a £175,000 flat in Stoke Park next week. The landlords agents has quoted £384 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Stoke Park?
For the majority of leasehold sales in Stoke Park conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Addressing pre-exchange enquiries
Where consent is required before sale in Stoke Park
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a studio flat in Stoke Park, conveyancing having been completed March 1996. 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? Comparable flats in Stoke Park with an extended lease are worth £185,000. The ground rent is £65 yearly. The lease finishes on 21st October 2081
With only 61 years unexpired the likely cost is going to be between £18,100 and £20,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. 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 move forward placing reliance on this information without first seeking the advice of a professional.
I bought a flat in Stoke Park last 25/9/2019 and to date it is still not registered with HM Land Registry. It was part of a development site and my solicitor told me that it may take over a year to complete the registration formalities. I have spoken with the Land Registry directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. What can I do?
Call your conveyancing practitioner - Where you are unsatisfied with the responses, look up their firm’s complaints process and amplify your concerns to a Complaints Manager. Registrations for Stoke Park conveyancing are not known to be especially complex.