My husband and I are looking to purchase a property in Crawley Down and are in fact using a Crawley Down conveyancing firm. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Godiva Mortgages Ltd have this evening contacted us to inform me that they have now hit a problem as our Crawley Down conveyancer is not on their conveyancing panel. Is this a problem?
When purchasing a property with mortgage finance it is normal for the purchasers' solicitors to also represent the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the lender’s conveyancing panel and you may continue to use your own Crawley Down solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
I purchased a freehold property in Crawley Down yet charged rent, why is this and what is this?
It is rare for properties in Crawley Down and has limited impact for conveyancing in Crawley Down but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
What is the best way to investigate if the solicitor carrying out my conveyancing in Crawley Down is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus spending £175.00 in supplemental conveyancing invoice.
Please do make use of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Crawley Down’ or your location and you will see numerous conveyancers located in Crawley Down or by proximity to you.
Just had an offer accepted on a new build apartment in Crawley Down. Conveyancing is necessary evil 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.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Crawley Down
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, no chain conveyancing. Crawley Down is the location of the property. Can you shed any light on this issue?
Flying freeholds in Crawley Down are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crawley Down you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crawley Down may determine 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 premises.
My father-in-law has recommend that I instruct his conveyancing solicitors in Crawley Down. Do I take his advice?
There are no two ways about it the ideal way to find a conveyancing solicitor is to have recommendations from friends or relatives who have experience in using the solicitor you're contemplating using.