My Conveyancer in Poundbury is not on the Bank of Ireland Solicitor Panel. Is it possible for me to retain my family solicitor notwithstanding that they are excluded from the Bank of Ireland panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your preferred Poundbury lawyers but Bank of Ireland will need to use a lawyer on their list of acceptable firms. This will result in additional overall legal fees and cause delays.
- Find an alternative lawyer to act in the conveyancing, remembering to check they are Convince your solicitor to use their best endeavours to join the Bank of Ireland conveyancing panel
My solicitor has informed me that flying freehold insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Poundbury?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing practitioners as opposed to members of the public take out such policies.
Can you point me to a directory of Nationwide panel solicitors in Poundbury on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings viewable online. If you are looking for a Poundbury lawyer on the Nationwide please make the most of our facility.
Can I be sure that the Poundbury conveyancing solicitor on the HSBC panel is any good?
When it comes to conveyancing in Poundbury seeking recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer handling your transaction.
I am selling our house in Poundbury and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Poundbury. Having lived in Poundbury for three years we know that this is a non issue. Is it a good idea to contact our local Authority to get clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Poundbury differ for newly converted properties?
Most buyers of new build or newly converted property in Poundbury come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Poundbury typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Poundbury or who has acted in the same development.
My wife and I purchased a leasehold flat in Poundbury. Conveyancing and Accord Mortgages Ltd mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Poundbury who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. You do not need to instruct a Poundbury conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 2 bed flat in Poundbury, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Poundbury with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease expires on 21st October 2088
You have 63 years remaining on your lease we estimate the premium for your lease extension to range between £16,200 and £18,600 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.