Our conveyancer has identified a defect with the lease for the property we are purchasing in Burton Latimer. The other side have suggested title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must check that the bank is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My lender has recommended solicitors on their panel based in Burton Latimer but I would rather instruct a conveyancing lawyer in Burton Latimer or nearer to where I live. Can you help?
Not all Burton Latimer conveyancing firms are on all banks conveyancing panel. Use our find an approved solicitor tool to locate a Burton Latimer conveyancing firm on the on the lender panel.
Just had an offer accepted on a new build apartment in Burton Latimer. 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 conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Burton Latimer
-
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the encouragement of my in-laws I had a survey completed on a property in Burton Latimer in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies will refuse to grant a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Burton Latimer. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my house. My former solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Burton Latimer if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Burton Latimer. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Should one as executor remove a departed person's name from the title register for a house in Burton Latimer?
If a Burton Latimer property is co-owned and one of the proprietors passes away, the name will not immediately be removed from the title deeds. It is not necessary to remove their name as in the event of a sale you would simply need to evidence as to the reason the joint proprietor is not included in the transfer, normally this is in the form of the probate documents.
With the aim of making things more straight forward for the sale of the property you can arrange to have the deceased name erased from the title by applying to HM Land Registry with proof of the death. There is no fee from the Registry for this service.