I am hoping to receive a offer of a home loan from Lloyds. I intend to enlist the help of a Licensed Conveyancer in Bodfari. Does the Lloyds Conveyancing panel include Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
My partner and I are intent on selling our property in Bodfari and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A high street Bodfari lawyer would know this is not the case. For the life of me I don't know why the purchasers are using a national conveyancing firm as opposed to a conveyancing solicitor in Bodfari. Having lived in Bodfari for six years we know of no issue. Should we contact our local Authority to seek clarification need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You need to 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 health insurance to cover that same illness)
I own a semi-detached Edwardian house in Bodfari. Conveyancing lawyer acted for me and Nottingham Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess 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 Bodfari and other locations in 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 mortgage companies. You can also question the situation with the conveyancing practitioner who conducted the work.
I am purchasing a new build house in Bodfari with a mortgage from The Mortgage Works. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not to tell my conveyancer about this extras as it may adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Bodfari is where the house is located. What do you suggest?
Flying freeholds in Bodfari are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bodfari you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bodfari may ascertain 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 premises.
My aim is to acquire a garden flat in Bodfari. Conveyancing solicitor is waiting for, from the vendor, building insurance schedule. Earlier today I was informed that the owner needs to send the insurance paperwork for the flat above in addition. Why does my lawyer need to see the insurance for the other flat? Is it really necessary? We have been waiting for the last month…
It is not impossible in leasehold conveyancing in Bodfari to discover Conveyancing in Bodfari in a minority of cases reveals that the lease requires the leasehold owners to insure their individual flats as opposed to the freeholder insuring the complete premises - which is definitely better. Do check with your property lawyer but it would seem that your conveyancing practitioner is seeking to establish that the entire building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated as a result of lack of insurance cover.