We have agreed to purchase a house in Askam In Furness. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Bank of Ireland be concerned?
As you are obtaining a mortgage with Bank of Ireland your lawyer must comply with the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Bank of Ireland. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Bank of Ireland where a lease does not satisfy these provisions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Askam In Furness.
The formalities of my purchase has taken place for my property in Askam In Furness. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
After much negotiation I have agreed a price on a house in Askam In Furness. My mortgage broker suggested a conveyancer. I paid an on account payment of £200. Not long after, the lawyer contacted me to say that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I used Action Conveyancing several years ago for my conveyancing in Askam In Furness. Now, I need the files however the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Askam In Furness of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How simple is it to switch solicitor as I have to appoint a firm on the The Mortgage Works conveyancing list. I hired a local conveyancing solicitor in Askam In Furness round the corner but the firm is not approved by The Mortgage Works
It would be our pleasure to assist you select a conveyancing solicitor in Askam In Furness on the The Mortgage Works panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Askam In Furness. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Askam In Furness.
I am attracted to a two maisonettes in Askam In Furness both have in the region of 50 years left on the lease term. Will this present a problem?
There is no doubt about it. A leasehold flat in Askam In Furness is a wasting asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it reduces the salability of the premises. For most buyers and mortgage companies, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Askam In Furness conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I inherited a 1 bedroom flat in Askam In Furness, conveyancing was carried out 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Askam In Furness with an extended lease are worth £180,000. The ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2083
With only 58 years remaining on your lease the likely cost is going to span between £22,800 and £26,400 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
What can I do where I am dissatisfied with the lawyer who did my conveyancing in Askam In Furness?
We live in an imperfect world, and is is a fact of life that every so often things do go wrong. Nevertheless there is recourse if you were dissatisfied with your conveyancing in Askam In Furness. This varies from trying to resolve matters directly with them, through to reporting a conveyancing practitioner to their regulator. If you remain aggrieved you may consider getting in touch with the Legal Ombudsman.