My husband and I are purchasing a newly constructed flat in Corston and my conveyancer is informing me that she has to the mortgage company to reveal incentives from the seller. I am under pressure to exchange contracts and I don't want to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Corston?
There are many registered licenced Conveyancers in Corston and Solicitor practices in Corston who can help with your conveyancing It is important to make clear that the two are regulated professionals specialising in the legal work in transferring property. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am buying a property in Corston. An unusual aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Kent Reliance your lawyer must comply with the conveyancing instructions contained in Section 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Kent Reliance where a lease fails to comply with these conditions. The requirements relate to the installation of panels on properties countrywide and is not limited to Corston.
We were going to get a OIP from RBS this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do RBS recommend any Corston solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Corston solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
It has been 4 months since my purchase conveyancing in Corston took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 property 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.
Are there any apps to assist me to identify a Corston law firm on the Godiva Mortgages Ltd conveyancing panel? I have wheels and am willing to travel upto 25kilometers to meet the solicitor.
You can use the tool on this website. Please pick a mortgage company and your location and you will see a number of Corston conveyancing lawyers located nearest you. We have detailed some Corston conveyancing firms at the bottom of this page and you can contact them to see whether they are on the Godiva Mortgages Ltd panel
I would like to sublet my leasehold flat in Corston. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
A lease dictates relations between the freeholder and you the flat owner; in particular, it will indicate if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no specific ban or restriction, subletting is allowed. The majority of leases in Corston do not prevent an absolute prevention of subletting – such a clause would undoubtedly devalue the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.
Corston Leasehold Conveyancing - A selection of Queries before buying
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What is the maintenance charge and ground rent on the property? Most Corston leasehold flats will incur a service bill for maintenance of the block levied by the landlord. If you buy the property you will have to pay this amount, usually in instalments throughout the year. This can differ from a couple of hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all likelihood there will be a ground rent for you to pay yearly, this is usually not a exorbitant figure, say about £25-£75 but you need to enquire as on occasion it could be prohibitively expensive. Please note that where the lease has less than 80 years it will affect the value of the flat. Check with your lender that they are willing to to proceed given the lease term. Leases with less than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth discovering how much this will be. Remember, in most cases you would need to own the residence for a couple of years before you are legally able to extend the lease.
Is it possible for you to suggest a conveyancing practitioner for conveyancing in Corston (or within close proximity)? This is for sale only.My wife and I had one lined up but just found out that are not on the panel for Nationwide.
The purpose of this site is restricted to being a directory service for lawyers who want to be listed as being on the approved conveyancing panel for Nationwide in certain locations for instance Corston . Our intention is not to recommend any particular conveyancing practitioner.