I was informed recently by my mortgage adviser that my Mundesley property lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?

You need to contact your Mundesley lawyer directly. You lawyer should notify you of the situation. Where they are not on the panel they may recommend you to a Mundesley conveyancing practice that is on the conveyancing panel for your mortgage company.

The housing market in Mundesley is hotting up. What can I do to speed up the legal process?

First, If you are under pressure to sign contracts it is advisable to make sure that your conveyancer is familiar with the area as they will benefit local contacts and intelligence. It is even conceivable that they would have handled otherhouses in the same street. You would be best advised to use a Mundesley conveyancing firm. Second, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Mundesley conveyancing deals are suspended or jeopardised after discovering a buyer’s solicitor was not on their mortgage lender’s member panel. This can often result in the home move being frustrated by an average of three weeks. It is estimated that this issue affects in the region of one hundred thousand home moves annually. Most Mundesley conveyancing practices can not act for certain banks so do check at the outset.

Please explain the implications if my solicitor is expelled from the Conveyancing panel ahead of completing my conveyancing in Mundesley?

The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

I decided to have a survey done on a property in Mundesley prior to appointing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks tend not give a loan on a flying freehold property.

It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Mundesley. Conveyancing may be slightly more expensive based on your lender's requirements.

Back In 2001, I bought a leasehold house in Mundesley. Conveyancing and mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Mundesley who acted for me is not around. Do I pay?

First contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Mundesley conveyancing practitioner to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Mundesley Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing

The answer will be useful as a) areas may cause problems for the block as the communal areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the managing agents you will need to have full disclosure How many of the leaseholders are in arrears for their service charge payments?