I am getting a offer of a home loan from Lloyds. I would like to employ the services of a Licensed Conveyancer in Stoke Park. Does the Lloyds Conveyancing panel include Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My Conveyancer in Stoke Park is not on the Aldermore Solicitor Panel. Is it possible for me to continue with my prefered solicitor even though they are excluded from the Aldermore panel?
The limited options open to you here include:
- Carry on with your existing Stoke Park solicitors but Aldermore will need to instruct a lawyer on their list of acceptable firms. This will result in additional total legal charges as well as cause delays.
- Find a new practitioner to to deal with the purchase, obviously checking they are on the Aldermore panel
My friend suggested that where I am buying in Stoke Park I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Stoke Park conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Stoke Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Stoke Park Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data about Stoke Park.
It has been five months since my purchase conveyancing in Stoke Park concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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.
Can you offer any advice when it comes to finding a Stoke Park conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Stoke Park conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Stoke Park conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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If the firm is not ALEP accredited then why not?
I am the registered owner of a studio flat in Stoke Park, conveyancing formalities finalised August 1997. Can you work out an approximate cost of a lease extension? Corresponding properties in Stoke Park with over 90 years remaining are worth £206,000. The ground rent is £45 yearly. The lease comes to an end on 21st October 2089
With just 65 years unexpired we estimate the premium for your lease extension to be between £13,300 and £15,400 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.