My wife and I are buying a house in Horsford. It might be a silly question but how we can trust a lawyer? At some point we have to send our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Can you point me to a directory of Lloyds panel solicitors in Horsford on the Building Society Association’s Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few banks make their panel listings available online. Where you are looking for a Horsford property lawyer on the Lloyds please make the most of our tool.
It is unclear whether my bank requires a lease extension. I have called into my local Horsford building society branch on a couple of occasions and was told it does not affect the mortgage offer and they will lend. My Horsford conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend in accordance with their published requirements. Who do I believe?
As long as the lawyer is on the mortgage company approved list, they must adhere to the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
The deeds to my property are lost. The solicitors who conducted the conveyancing in Horsford 10 years ago are no longer around. Will I be able to sell the house?
As long as the title is registered the information relating to your proprietorship will be held by the Land Registry under a Title Number. It is possible to conduct a search at the Land Registry, identify your house and get current copies of the property title for a small fee. If the property is Leasehold then the Land Registry will usually retain a file duplicate of the Registered Lease and again, a copy can be ordered for twenty pounds.
In my capacity as executor for the will of my father I am selling a house in Monmouth but reside in Horsford. My lawyer (based 235 kilometers awayneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Horsford who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Horsford based
I have just started marketing my basement flat in Horsford. Conveyancing lawyers have not yet been instructed, but I have recently received a yearly maintenance charge invoice – Do I pay up?
It best that you clear the service charge as you normally would because all ground rent and maintenance invoices will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I bought a leasehold flat in Horsford, conveyancing was carried out May 2003. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Horsford with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease comes to an end on 21st October 2092
With just 67 years left to run the likely cost is going to range between £10,500 and £12,000 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.
I am buying a flat and cash is in place. My solicitor has been supplied with with 2 distinct forms of photo identification, bank statement, numerous utility bills. Now he wants a copy from a probate lawyer stating that the funds are in order and that it has come from inheritance and not selling fake watches.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Horsford conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.