I was informed today by my estate agent that my Corsham lawyer is not on the lender Solicitor panel. How can I check?
The sensible course of action for you to take is to contact your Corsham lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
My partner and I are approaching an exchange on a house in Corsham and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has not arrived from me my conveyancer needs to disclose this to my mortgage company. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The solicitor is duty bound to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am purchasing a house and the solicitor has raised the issue of Chancel Repair for which the house could be liable because it falls into the area of such a church. She has suggested insurance. Is this really appropriate for conveyancing in Corsham
Unless a prior acquisition of the property completed after 12 October 2013 you could assume that lawyers handling conveyancing in Corsham to remain encouraging a chancel search and or chancel repair liability policy.
About to purchase a new build apartment in Corsham. Conveyancing is daunting 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.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Corsham
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Corsham before appointing lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies tend not issue a mortgage on this type of property.
It varies from the lender to lender. Santander has different requirements from Halifax. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Corsham. Conveyancing may be slightly more expensive based on your lender's requirements.
Do you have any advice for leasehold conveyancing in Corsham from the point of view of expediting the sale process?
- Much of the delay in leasehold conveyancing in Corsham can be bypassed where you instruct lawyers the minute you market your property and ask them to collate the leasehold documentation needed by the purchasers’ solicitors. You believe that you know the number of years left on your lease but it would be wise to verify this by asking your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is below 80 years. It is therefore essential at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. The majority of freeholders or managing agents in Corsham charge for supplying management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Corsham. A minority of Corsham leases require Licence to Assign from the landlord. If this is the case, you should place the estate agents on notice to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If you have had any disputes with your landlord or managing agents it is essential that these are resolved before the property is marketed. The purchasers and their solicitors will be warry about purchasing a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to present the dispute as historic as opposed to ongoing.
Corsham Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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Where a Corsham lease has fewer than eighty years it will have adverse implications on the salability of the property. Check with your lender that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will almost definitely have to extend the lease at some point and you need to have some idea of what this would cost. For most Corshamlease extensions you would be be obliged to have owned the premises for two years before you are entitled to carry out a lease extension. What restrictions are contained in the Corsham Lease?