My house in Crofton Park is up for sale and I have a purchaser. Will my lawyer have to be on the Virgin Money conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
My wife and I purchased a 4 bedroom Victorian house in Crofton Park. Conveyancing lawyer acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the matching property. Is it worth asking Chelsea Building Society to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Crofton Park and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing lawyer who conducted the work.
About to purchase a new build apartment in Crofton Park. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Crofton Park
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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. 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. There must be mutual enforceability of lessee’s covenants. 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.
Due to the input of my in-laws I had a survey completed on a house in Crofton Park before instructing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor has said that some mortgage companies may refuse to give a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Crofton Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crofton Park to see if the conveyancing will be more expensive.
I was advised by a few property agents in Crofton Park to choose a property lawyer using your seach tool. Is there a financial advantage for Estate Agents to recommend your services rather than a competitor’s?
We refuse to give any referral fee for directing people our way. We found it would be just too difficult a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My husband and I are 17 days into a freehold purchase having been referred to conveyancers by the high street agent to carry out the conveyancing in Crofton Park. I am not happy. Could you you assist me in finding new lawyers?
They would need to be very bad to suggest changing them. Has your loan offer been generated? If so you need to inform them of the new contact details and have the mortgage documents are re-issued. Your new solicitor ideally needs to be on the banks approved list to avoid supplemental costs and complications. So that should be your first question of the new solicitors. The find a solicitor tool will help you find a lender approved solicitor for your home move in Crofton Park