I am purchasing a house mortgage free in Chapel Allerton. I have been living for the last dozen years in Chapel Allerton. Conveyancing searches are expensive. Given that I know the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the Chapel Allerton conveyancing searches are at your discretion. Your lawyer will try and sway you, perhaps strongly, that you should have searches done, but he has a professional duty to do this. One thing to take into account; if you are intend to sell the house one day, it may be of importance to your future purchaser what the searches contain. On occasion premises with apparent issues can still show up unexpected search results. A competent conveyancing solicitor in Chapel Allerton will be able to give you some helpful guidance in this regard.
I own a 4 bedroom Georgian house in Chapel Allerton. Conveyancing lawyer acted for me and HSBC Bank. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chapel Allerton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing practitioner who conducted the conveyancing.
Due to the encouragement of my in-laws I had a survey completed on a property in Chapel Allerton before appointing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks will not grant a loan on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chapel Allerton. Conveyancing will be smoother if you use a solicitor in Chapel Allerton especially if they regularly deal with such properties in Chapel Allerton.
I am a sole trader planning to take an assignment of a lease of an office on a shopping parade. Can you recommend lawyers offering no-move-no costs for commercial conveyancing in Chapel Allerton for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Chapel Allerton, including the disposal and acquisition of businesses as well as simply property. Whether you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right solicitor. Regarding the costs these will vary based on the structure and complexity of the proposed transaction. Please provide us with your contact information or email so as to enable us to furnish you with comprehensive commercial conveyancing quote.
My wife and I purchased a leasehold house in Chapel Allerton. Conveyancing and Alliance & Leicester mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Chapel Allerton who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Chapel Allerton conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Chapel Allerton Leasehold Conveyancing - Examples of Questions you should consider Prior to buying
-
How many years are left on the lease? Is there a share of the freehold? Where a Chapel Allerton lease has less than eighty years it will impact the value of the apartment. Check with your lender that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth finding out what this would cost. Remember, in most cases you will need to own the property for 24 months in order to be legally able to exercise a lease extension.
Our lender agreed in principle to grant us a mortgage. We instructed a local conveyancer in Chapel Allerton yesterday. A couple of hours ago, our financial adviser contacted us saying that the lender said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we had no idea that the bank had some control over our choice Is this allowed?
You are permitted to use any lawyer you want to appoint including the said conveyancer in Chapel Allerton nevertheless if your mortgage company aren't happy with them you would have to pay additional cost so the bank can instruct their own conveyancer too. It may be possible your preferred conveyancing firm to get added to the mortgage company panel. You can use internet search facilities including lenderpanel.com to find a conveyancing solcitor in Chapel Allerton on the lender panel. You can go into your high street mortgage company branch in Chapel Allerton. They will know some good conveyancing solicitors in Chapel Allerton on the panel for your lender.