My uncle informed me that in buying a property in Bamber Bridge there may be a number of restrictions affecting the ability to carry out external alterations to a property. Is this right?
There are anumerous of properties in Bamber Bridge which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Bamber Bridge should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We previously instructed conveyancers locally in Bamber Bridge on the Lloyds solicitor approved list. They have just billed me a separate amount for dealing with the Lloyds mortgage. Is this an additional conveyancing fee set by Lloyds?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancer may charge a fee for this. This charge is not dictated by Lloyds but by your Bamber Bridge property lawyer. Some firms on the Lloyds panel will quote ’dealing with mortgage’ fee but many firms incorporate it on their overall fee.
It is not clear whether my mortgage offer requires a lease extension. I have called my Bamber Bridge building society branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Bamber Bridge conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend in accordance with their specific requirements. Who do I believe?
Provided that the property lawyer is on the lender approved list, they must adhere to the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require this when buying a residence in Bamber Bridge? or Apparently there is historic law that means some owners of property residing in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this appropriate for conveyancing in Bamber Bridge?
Unless a previous purchase of the premises completed post 12 October 2013 you may expect solicitors handling conveyancing in Bamber Bridge to remain encouraging a chancel search and or insurance against a claim.
4 months have gone by since my purchase conveyancing in Bamber Bridge took place. I have checked the Land Registry website which shows that I paid £175,000 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Bamber Bridge. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Bamber Bridge
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Please supply a car parking plan. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Bamber Bridge is the location of the property. Can you shed any light on this issue?
Flying freeholds in Bamber Bridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bamber Bridge you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bamber Bridge may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What is the distinction between surveying and conveyancing in Bamber Bridge?
Conveyancing - in Bamber Bridge or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re intending to buy and will help you discover the condition of the building and, if there are problems, give you leverage for negotiating the buying price down or asking the seller to remedy the defects prior to you move in.