we are a couple who are buying a newbuild apartment in Craven Arms with a homeloan from Chelsea Building Society.We have a Craven Arms conveyancing solicitor but Chelsea Building Society says her practice is not on their approved list of member firms. It seems we have little choice but to instruct a Chelsea Building Society panel solicitor or retain our local solicitor and fork out for a Chelsea Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The home loan issued to you is subject to its various provisions, one of which will be that conveyancers needs to be on the Chelsea Building Society approved list. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find 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. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Chelsea Building Society
Are there restrictive covenants that are commonly picked up during conveyancing in Craven Arms?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Craven Arms. 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 property I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Craven Arms is the location of the property. What do you suggest?
Flying freeholds in Craven Arms are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Craven Arms you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Craven Arms 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.
I am downsizing from my property. My previous conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. Im based in Craven Arms if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Craven Arms. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
My step-father has recommend that I instruct his conveyancers in Craven Arms. Do I take his recommendation?
Much as we are happy to recommend a Craven Arms conveyancing lawyer it’s preferable to find a conveyancing lawyer is to have referrals from friends or family who have actually used the solicitor that you are contemplating using.
Last August I purchased a leasehold flat in Craven Arms. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Leasehold Conveyancing in Craven Arms - Sample of Queries Prior to Purchasing
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The best form of lease structure is if the freehold title is owned by the leaseholders. In this arrangement the tenants have control and although a managing agent is frequently employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. How much is the ground rent and service charge? In the main the cost for major works tend not to be included within maintenance charges, albeit that some managing agents in Craven Arms require tenants to pay into a sinking fund and this is used to offset against major works.