The Longhope conveyancing firm that I recently instructed on my house acquisition in Longhope have without warning shut down. They were on acting for me because I had to have a firm on the Kent Reliance conveyancing panel and my previous Longhope lawyer was not. I sent them a cheque for £250 in advance. What do I do now?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Kent Reliance conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
How does conveyancing in Longhope differ for newly converted properties?
Most buyers of new build residence in Longhope contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because new home sellers in Longhope tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Longhope or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, no chain conveyancing. Longhope is the location of the property. Can you offer any assistance?
Flying freeholds in Longhope are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Longhope you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Longhope may decide 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 premises.
In what way does the Landlord & Tenant Act 1954 affect my commercial premises in Longhope and how can your lawyers assist?
The 1954 Act affords security of tenure to commercial leaseholders, granting the legal entitlement to apply to court for a new tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Longhope
We are a couple of weeks into a freehold purchase having been referred to a firm by the local agent to perform conveyancing in Longhope. I am am extremely dissatisfied with the quality of service. Can you you assist me in finding new solicitors?
They would need to be very poor in order to consider replacing them. Has the mortgage been sent? If so you will need to make them aware of the new contact details and ensure the loan are issued to the new lawyers. Your conveyancer needs to be on the banks approved list to avoid escalating expenses and delays. So that should be your starting point. The search tool will assist you in finding a bank approved conveyancer for your conveyancing in Longhope