I plan on buying an apartment in Blyth. My property lawyer is not listed on the mortgage company solicitor list. Am I still permitted to retain my Blyth conveyancing solicitor even though they are excluded from the bank panel of approved conveyancing solicitors?
One must instruct a property lawyer to deal with the legal work required if you take out a loan to purchase your property. The conveyancer will conduct all the relevant legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is in place. One can instruct a Blyth conveyancing practitioner of your choosing. However, if the conveyancer selected is not on the mortgage company solicitor panel further costs will be levied as separate legal representation will be need by the bank. Conveyancing panel applications may be submitted, so where your conveyancer has not previously applied for membership they can do so.
What does my ID and proof of funds have anything to do with my conveyancing in Blyth? What am I being asked for?
Blyth conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to check the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Bank Statement no more than three months).
Confirmation of the origin of funds is also necessary in accordance with the money laundering statutes as solicitors are required to ensure that the funds you are using to purchase a property (be it the exchange deposit or the total purchase price if you are a cash purchaser) has come from legitimate source (such as employment savings) and is not the fruits of criminal activity.
We're in Blyth, First timers purchasing with a mortgage (lender is Lloyds , and our lawyer is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I purchased a terraced Victorian property in Blyth. Conveyancing solicitor represented me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Blyth and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I decided to have a survey completed on a property in Blyth in advance of appointing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders tend not grant a loan on such a property.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Blyth. Conveyancing will be smoother if you use a solicitor in Blyth especially if they are accustomed to such properties in Blyth.
I have recently realised that I have Fifty years remaining on my lease in Blyth. I am keen to extend my lease but my landlord is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to demonstrate that you have done all that could be expected to find the landlord. For most situations a specialist should be useful to carry out a search and prepare a report to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court covering Blyth.
Leasehold Conveyancing in Blyth - Examples of Queries before Purchasing
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What is the length of the lease? Does the lease have onerous restrictions? Who are the managing agents?