The Loughborough conveyancing lawyers that I recently instructed on my purchase in Loughborough have without warning closed. I only went with them because I had to have a solicitor on the Bank of Ireland conveyancing panel and my preferred Loughborough lawyer was not. I paid them 275 plus VAT on account. What do I do now?
If you have an estate agent involved then inform them 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 should appoint new lawyers that are on the Bank of Ireland 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 solicitors should be in a position to help.
3 months have elapsed following my purchase conveyancing in Loughborough completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the advice of my in-laws I had a survey completed on a house in Loughborough ahead of instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies may not issue a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Loughborough. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Loughborough to see if the conveyancing will be more expensive.
How does the Landlord & Tenant Act 1954 impact my commercial property in Loughborough and how can your lawyers assist?
The particular law that you refer to provides protection to business lessees, giving them the dueness to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and help with commercial conveyancing in Loughborough
Is it best to use a Loughborough conveyancing solicitor who is local to the property I am buying? I have an old university friend who can carry out the conveyancing but they are based over three hundred miles drive away.
The primary upside of using a local Loughborough conveyancing firm is that you can drop in to sign documents, deliver your identification documents and pester them where appropriate. Having local Loughborough know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and they were content that should surpass using an unfamiliar Loughborough conveyancing solicitor just because they are round the corner.