Unfortunately I am unable to travel far from Bonvilston. Please clarify why all Bonvilston solicitors aren't automatically on all lender panels?
Mortgage companies point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The removal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. This led to lenders pruning a number of firms from their panel of approved solicitors .
It is is a decade since I acquired my house in Bonvilston. Conveyancing lawyers have now been retained on the sale but I am unable to find the title deeds. Will this cause complications?
Don’t worry too much. First the deeds may be with the mortgage company or they may be in the possession of the solicitor who handled your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining up to date copy of the land registers. Nearly all conveyancing in Bonvilston relates to registered property but in the unlikely event that your home is not registered it is more tricky but is resolvable.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bonvilston. 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.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bonvilston
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There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Due to the guidance of my in-laws I had a survey completed on a property in Bonvilston in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend refuse to give a loan on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bonvilston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bonvilston to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for freehold conveyancing in Bonvilston. I have land on a site which seems to have the ideal solution If there is a chance to get all formalities completed via web that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I purchased a flat in Bonvilston last 8/10/2024 and to date it is still not registered with HMLR. It is part of a development site and my lawyer told me that it can take twelve months to register. I have called the Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. What can I do?
It is your solicitor that you really need to get in touch with in order to satisfy any concerns which have been raised as part of the registration formalities for your Bonvilston property. Normal Bonvilston conveyancing practice includes an undertaking on the part of the vendor’s property lawyer that they will help resolve any registration raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.