Me and my fiance are intending to acquire a 2 bedroom flat in Blackwell with a mortgage. We have a Blackwell solicitor, however the bank says he's not on their "panel". We have to appoint one of the mortgage company panel firms or keep our Blackwell property lawyer and pay for one of their panel firms to act for them. This feels very unfair; can we not demand that the bank use our Blackwell property lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Blackwell conveyancing lawyer to apply to be on the conveyancing panel.
My wife and I have recently appointed a conveyancing solicitor in Blackwell. I I am struggling to find out if they are on the Leeds Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing you should do is phone your solicitor and ask them if they can act for the lender. Otherwise please get in touch with Leeds Building Society who may be able to assist.
What does a local search inform me about the property my wife and I buying in Blackwell?
Blackwell conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as PSG The local search is essential in every Blackwell conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
About to purchase a new build apartment in Blackwell. 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 legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Blackwell
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey completed on a house in Blackwell prior to appointing solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will not give a loan on a flying freehold house.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with 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 Blackwell. Conveyancing will be smoother if you use a solicitor in Blackwell especially if they regularly deal with such properties in Blackwell.
In what way can the Landlord & Tenant Act 1954 impact my business property in Blackwell and how can your lawyers assist?
The particular law that you refer to provides a safeguard to commercial tenants, granting the a statutory right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Blackwell