My wife and I are acquiring residence in Potton. My lawyer has never been on on the lender solicitor panel. Am I still permitted to retain my Potton conveyancing solicitor even though they are excluded from the bank panel of approved conveyancing solicitors?
Your options include
- Carry on with your chosen Potton conveyancer but your lender will no doubt instruct a conveyancer on their approved panel. The net result is additional charges and likely frustration.
- Get a fresh solicitor to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your conveyancer to pull out all the stops to join the mortgage company conveyancing panel
We were going to get a DIP from Nationwide this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Nationwide recommend any Potton solicitors on the Nationwide conveyancing panel, or is it better to go independently?
You will need to appoint Potton solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
After much negotiation I have agreed a price on a house in Potton. My financial adviser pressured me to appoint their conveyancer. I paid an on account payment of £175. A couple of days later, the conveyancing practitioner called me to say that they were not on the Nottingham 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 Nottingham 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 was told two weeks ago that my mortgage has been agreed to by Leeds Building Society. Is it usual for Leeds Building Society to only issue the offer once my solicitor in Potton is approved on their conveyancing panel? Leeds Building Society have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
3 months have gone by following my purchase conveyancing in Potton completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 asset 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.
My company is wishing to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering no-sale-no fees for commercial conveyancing in Potton for less than 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Potton, including the sale and purchase of businesses as well as simply property. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Let us have your contact information or phone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
What advice can you give us when it comes to finding a Potton conveyancing firm to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Potton conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with two or three firms including non Potton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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What are the costs for lease extension work? Can they put you in touch with clients in Potton who can give a testimonial?
Leasehold Conveyancing in Potton - A selection of Questions you should consider Prior to Purchasing
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It is important to be aware if a new roof is being installed or some other significant cost is due shortly that will be shared amongst the leaseholders and will materially increase the the service fees or result in a specific invoice. Does the lease have more than 85 years left? Can you tell me if there are any major works anticipated that will increase the maintenance costs?