I'm the sole recipient of my late mum's estate with all property in now in my sole name, including the my former home in Cholsey. The Cholsey property was put into my name in July. I plan to dispose of the property. I understand that there is a CML six month 'rule', which means that my proprietorship may be regarded the same way as if I'd bought the property in July. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs 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 could be affected by that. How sensible a view mortgage companies take of it, depend on the lender as this requirement principally exists to capture subsales or the flipping of property.
We previously chose conveyancing lawyers based in Cholsey on the TSB solicitor approved list. They are now charging me a supplemental sum for handling the TSB mortgage. Is this a supplemental conveyancing fee set by TSB?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your lawyer can levy a fee for this. This fee is not set by TSB but by your Cholsey conveyancing practitioner. Numerous firms on the TSB panel will quote an ‘acting for lender’ fee and others do not.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Cholsey solicitor on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
Are there restrictive covenants that are commonly picked up as part of conveyancing in Cholsey?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Cholsey. 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…’
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Cholsey is the location of the property. Can you shed any light on this issue?
Flying freeholds in Cholsey are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cholsey you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cholsey may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I locate a Cholsey law firm on the Barnsley Building Society conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the solicitor.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Cholsey conveyancing lawyers located nearest you. We have detailed some Cholsey conveyancing firms at the bottom of this page and you can call them to verify if they are on the Barnsley Building Society panel
We are 17 days into a leasehold purchase having been recommend to a firm by the local agent to carry out the conveyancing in Cholsey. We are not happy. Could you you assist me in finding new conveyancers?
A solicitor would have to be very poor to suggest diss instructing them. Has your mortgage offer been generated? In the event that it has you must inform them of the new contact details and ensure the offer are re-sent. Your conveyancer needs to be on the lenders approved list to avoid added costs and frustration. That should be your starting point. Our find a solicitor tool will assist you in finding a lender approved solicitor for your home move in Cholsey
Whilst your website is a good idea there are many lawyers listed near Cholsey being on the bank conveyancing panel. Can you recommend a specific firm on the mortgage company approved panel?
We do not recommend specific Cholsey firms as the right Cholsey conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Cholsey knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..