Me and my partner are purchasing an apartment in Woolacombe. My Solicitor is not listed on the mortgage company approved list. Can I still continue with my Woolacombe conveyancing solicitor notwithstanding that they are not on the bank approved list?
One will need to appoint a conveyancing practitioner to deal with the formalities if you take out a mortgage to purchase your property. The conveyancing practitioner will carry out all the essential due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage paperwork is in place. One may appoint a Woolacombe solicitor of your choice. Nevertheless, where the conveyancer appointed is not a member of the mortgage company solicitor panel additional fees will be incurred as separate legal representation will be required by them. Lender panel applications can be submitted, so where your lawyer has not in the past sought membership they should take the chance to apply.
My lawyer has uncovered a a problem with the lease for the flat we are buying in Woolacombe. The other side have offered defective title insurance as a solution. We are happy with insurance and will cover the costs. Our conveyancing practitioner says that he must ensure that the bank is happy with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.
How do I locate a Woolacombe solicitor on the Aldermore conveyancing panel? I drive a motor bike and am happy to travel upto 10miles to meet the lawyer.
Feel free to make use of the facility on this website. Please select a bank and your location and you will see a number of Woolacombe conveyancing lawyers located nearest you. We have detailed some Woolacombe conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Aldermore approved list
I have been sourcing a conveyancing practitioner in Woolacombe for my house move. Can I review a solicitor's complaints history with the legal regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.
My fiance and I may need to let out our Woolacombe garden flat temporarily due to taking a sabbatical. We used a Woolacombe conveyancing firm in 2003 but they have closed and we did not think at the time seek any guidance as to whether the lease permits subletting. How do we find out?
Some leases for properties in Woolacombe do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I bought a ground floor flat in Woolacombe, conveyancing formalities finalised in 2009. Can you work out an approximate cost of a lease extension? Comparable flats in Woolacombe with over 90 years remaining are worth £206,000. The ground rent is £45 invoiced every year. The lease comes to an end on 21st October 2090
With only 66 years left to run we estimate the premium for your lease extension to be between £12,400 and £14,200 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use this information 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. You should not move forward placing reliance on this information before seeking the advice of a professional.