We are buying a flat and need a conveyancing solicitor in Long Stratton who is on the solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for . We don't recommend any particular firms conducting conveyancing in Long Stratton.
We intend to purchase a newly converted apartment in Long Stratton with a loan from .We have a Long Stratton conveyancing lawyer but advised that his firm is not listed on their approved list of member firms. We have to appoint a panel firm or retain our high street solicitor and pay for a panel lawyer to represent them. This seems very unfair; Can we not simply insist that use our lawyer?
No, not really. The home loan issued to you contains terms and conditions, one of which will be that conveyancers will be on the approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a property in Long Stratton?
Unless a previous acquisition of the property took place post 12 October 2013 you could take it that conveyancing practitioners delivering conveyancing in Long Stratton to remain recommending a chancel search and or insurance against a claim.
I am the registered owner of a studio flat in Long Stratton, conveyancing formalities finalised in 1995. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Long Stratton with over 90 years remaining are worth £165,000. The ground rent is £45 per annum. The lease terminates on 21st October 50
With only 50 years unexpired we estimate the premium for your lease extension to span between £36,100 and £41,800 as well as costs.
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 without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.
Are Long Stratton conveyancing solicitors under an obligation to the Law Society to supply clear conveyancing figures?
Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Long Stratton or beyond.