Having been referred to your organisation we were going to go ahead with a conveyancing solicitor in Caterham endorsed by you but have come across some other quotes on the internet look less expensive – why is this?
One can find a variety of solicitors marketing theoretically looks to be cut price. You should think twice about how much you respect your own move to you are willing to be penny wise pound foolish over the standard of the conveyancing. Many of them list a cheap fee to grab your attention but hide additional fees in the small print..
I am being advised by my conveyancer that absentee landlord insurance is required on my purchase. What is the level of cover for Caterham conveyancing?
The right level of absentee landlord indemnity insurance should be dictated by who your lender. It would differ for example between Birmingham Midshires and The Royal Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such policies.
When it comes to lenders such as Yorkshire BS, do Caterham lawyers incur a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel application.
I recently had an offer accepted on an apartment in Caterham. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £175. Soon after, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Yorkshire BS 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 Yorkshire BS 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.
It has been 4 months following my purchase conveyancing in Caterham concluded. 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 premises 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.
What does commercial conveyancing in Caterham cover?
Non domestic conveyancing in Caterham covers a wide array of guidance, given by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
What are your top tips when it comes to appointing a Caterham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for lease extension works (regardless if they are a Caterham conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with two or three firms including non Caterham conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
-
What are the legal fees for lease extension conveyancing? If they are not ALEP accredited then why not?
I own a a ground floor purpose built flat in Caterham. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
if there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the LVT to determine the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Caterham premises is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case related to 3 flats. The remaining number of years on the lease was 75 years.
We have instructed a Caterham conveyancing solicitor for our home move (novice purchasers) and have noticed in the engagement letter that they are not regulated by the FCA. Need I be concerned or is that the norm with lawyer?
We can't see why they should be. Most lawyer don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set strict stipulations in place on funds held in their bank.