I have just been advised by my broker that my Bridlington property lawyer is not on the mortgage company Conveyancing panel. What can I do to be certain whether this is indeed the case?
The first thing you need to do is to contact your Bridlington conveyancer. It is reasonable to expect your lawyer to advise you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
We see that you have a post code search directory listing firms on the Co-operative conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Bridlington?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bridlington.
Is it necessary to take out insurance to address the risk of chancel repairs when acquiring a house in Bridlington?
Unless a previous acquisition of the house took place post 12 October 2013 you may expect lawyers carrying out conveyancing in Bridlington to remain recommending a chancel search and or chancel repair liability policy.
How do I use your search tool to get a costs illustration from a conveyancing practitioner in Bridlington on the panel for my bank?
1st choose a mortgage company such as Accord Mortgages Ltd, Leeds Building Society or Clydesdale then choose your preferred area for instance Bridlington. Conveyancing firms in Bridlington and nationally will then be shown.
What makes a Bridlington lease unmortgageable?
Leasehold conveyancing in Bridlington is not unique. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain parts of the property Maintenance charge proportions which don’t add up to the correct percentage
You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Leeds Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.
Bridlington Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? In the main the outlay for major works tend not to be included within maintenance charges, although there some managing agents in Bridlington obliged leasehold owners to pay into a reserve fund created for the specific purpose of building a fund for larger works. Can you tell me if there are any major works in the planning that will likely add a premium to the maintenance costs?
I purchased a property in Bridlington last 8/7/2024 and to date it is still not recorded with the Land Registry. It is part of a development site and my lawyer told me that it can take twelve months to register. I have spoken with HMLR directly and they have informed me the original application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your conveyancer that you must turn to here in order to satisfy any questions which have arisen as part of the registration process for your Bridlington property. Normal Bridlington conveyancing practice includes an undertaking on the part of the previous owner’s solicitor that they will help resolve any registration raised by HMLR so it may be a case of taking action to enforce that undertaking if necessary.