I had intended to instruct a conveyancing solicitor in Cowley for our home move. Our financial adviser informed us that our mortgage company Barnsley Building Society won't deal with them. Surely this is unduly restrictive?
Lenders tend to imposes restrictions either the category or the number of conveyancing firms on their member panel. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, a few banks have decided to limit the number of solicitor practices they permit to represent them. You should note that Barnsley Building Society have no responsibility for the quality of advice provided by any member of Barnsley Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels since 2008 even though there are mixed opinions regarding the level of solicitor involvement in some of that fraud. Statistics from the Land Registry indicate that hundreds of law firms, including some in or near Cowley only execute very few conveyances a year.
2 months have elapsed following my purchase conveyancing in Cowley completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 property 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.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Cowley is where the house is located. What do you suggest?
Flying freeholds in Cowley are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cowley you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cowley may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am a sole trader wishing to lease a unit on the high street. Can you recommend conveyancers offering no-move-no costs for non-domestic conveyancing in Cowley for under 1500k?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Cowley, including the sale and acquisition of businesses as well as simply premises. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can find you the right lawyer. Regarding the fees these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your details or phone so as to enable us to provide you with comprehensive commercial conveyancing quote.
I am on look out for some leasehold conveyancing in Cowley. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Cowley - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a basement flat in Cowley. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Cowley conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Cowley property is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case was in relation to 2 flats. The unexpired lease term was 69 years.