I am obtaining a mortgage with Halifax. I would like to instruct a Licensed Conveyancer in Burton Latimer. Does the Halifax Conveyancing panel exclude Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
AssumingI were to buy a simple residential housein Burton Latimer mortgage fee and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Burton Latimer?
The only saving you would make on is the Burton Latimer conveyancing searches. Your conveyancer is required to do the vast majority of work - money laundering, liaising with the vendors solicitor, stamp duty submission, register the ownership etc. A marginal saving might be made by not having to register a mortgage but it will not be a lot.
Are there restrictive covenants that are commonly picked up during conveyancing in Burton Latimer?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Burton Latimer. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Burton Latimer differ for newly converted properties?
Most buyers of new build or newly converted property in Burton Latimer approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because developers in Burton Latimer tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Burton Latimer or who has acted in the same development.
I'm remortgaging my current property to a buy to let mortgage with The Royal Bank of Scotland and I will use the rest of the raised equity as a down payment on further house. The neighborhood we are looking at is Burton Latimer. Will your lawyers be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are your conveyancer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make clear your desired outcome and requirements.
My wife and I purchased a leasehold flat in Burton Latimer. Conveyancing and Lloyds TSB Bank mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Burton Latimer who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Burton Latimer conveyancing firm to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Burton Latimer Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
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Who is in charge of the building? Many Burton Latimer leasehold apartments will have a service charge for the upkeep of the block invoiced by the landlord. Where you purchase the property you will have to pay this contribution, normally quarterly accross the year. This can differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. In all probability there will be a rentcharge for you to pay annual, this is usually not a exorbitant sum, say about £25-£75 but you should to enquire it because on occasion it could be surprisingly expensive. Its a good idea to discover as much as you can about the managing agents as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to day to day matters like the cleanliness of the common parts. Ask other tenants what they think of their management. Finally, investigate as to the dates that you are obliged pay the service charge to the managing agents and precisely how they are spending that money.