I happen to be the only recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Castleton and Blacktown. The Castleton and Blacktown property was put into my name in November. I plan to dispose of the property. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership will be considered the same way as though I had purchased the property in November. Do I have to wait half a year to sell?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Some lenders would take a practical view as this requirement principally exists to pick up on subsales or the flipping of properties.
Are all Castleton and Blacktown Conveyancing Quality Solicitors on the Coventry BS conveyancing list of approved practices?
Some major lenders now make use of CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
I'm in the throws of viewing apartments in Castleton and Blacktown and I am about to put in an offer. Is it sensible to have my conveyancing practitioner on ‘stand by’? I will be getting a mortgage with Kent Reliance.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
It has been five months following my purchase conveyancing in Castleton and Blacktown took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Castleton and Blacktown with the aid of help to buy. The developers would not budge the price so I negotiated 6k of extras instead. The estate agent advised me not inform my lawyer about this extras as it could adversely affect my mortgage with Barnsley Building Society. Should I keep quiet?.
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.
What does commercial conveyancing in Castleton and Blacktown cover?
Castleton and Blacktown conveyancing for business premises incorporates a broad range of guidance, provided by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I need to instruct a conveyancing solicitor for remortgage conveyancing in Castleton and Blacktown. I happened to land on a site which looks to be the perfect solution If there is a chance to get all the legals done via email that would be ideal. Do I need to 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?
Last June I purchased a leasehold flat in Castleton and Blacktown. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Castleton and Blacktown - Sample of Queries before buying
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The answer will be helpful as a) areas can cause problems in the building as the common areas may start to deteriorate if services are not paid for b) if the tenants have a dispute with the running of the building you will need to have all the details Who manages the building? How many years remain on the lease?