My husband and I are intending to acquire a 2 bedroom flat in Chipping Sodbury with a mortgage. We wish to retain our Chipping Sodbury lawyer, however the lender advise she’s not on their "panel". We have to appoint one of the lender panel solicitors or keep our Chipping Sodbury lawyer as well as pay for one of their panel lawyers to act for them. This seems very unfair; are we not able to demand that the lender use our Chipping Sodbury lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Chipping Sodbury conveyancing lawyer to apply to be on the conveyancing panel.
We are due to exchange on the purchase of a property in Chipping Sodbury but as a consequence of damage from a small fire at the property I have managed to agree reparation from the owner of six thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process but Skipton are not allowing this. Should they have been approached?
Your conveyancer that is on a Skipton approved list is required to inform Skipton of any changes to the sale price. If you were to refuse your lawyer to disclose the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new lawyer for your conveyancing in Chipping Sodbury.
What does a local search reveal about the house I am buying in Chipping Sodbury?
Chipping Sodbury conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for example Onsearch The local search plays a central part in most Chipping Sodbury conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Just had an offer accepted on a new build flat in Chipping Sodbury. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Chipping Sodbury
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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.
I decided to have a survey completed on a house in Chipping Sodbury in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some banks may not issue a loan on such a property.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chipping Sodbury. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my aunt I am disposing of a property in Cardiff but reside in Chipping Sodbury. My lawyer (who is 300 miles awayrequires that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Chipping Sodbury to attest this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Chipping Sodbury