I am about to complete buying a house in Cullercoats but as a result of wreckage from the recent storms I have managed to agree compensation from the owner of £2k taking the form of a reduction in the price. I had intended this to be dealt with as part of a side agreement but Coventry BS will not agree to this. Should they have been informed?
Any solicitor being on the Coventry BS approved list is obliged to advise Coventry BS of any variations to the sale price. If you prohibit your solicitor to report the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new property lawyer for your conveyancing in Cullercoats.
A relative pointed out to me me that in purchasing a property in Cullercoats there could be various restrictions preventing external alterations to a property. Is this right?
We are aware of a number of properties in Cullercoats which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Cullercoats should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only beneficiary of my late father’s estate and I have everything in my name alone, including the my former home in Cullercoats. The Cullercoats property was put into my name in April. I plan to dispose of the property. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my proprietorship could be regarded the same way as if I'd bought the property in April. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Some banks would take a pragmatic view as this obligation chiefly exists to identify subsales or the quick reselling of properties.
Planning on purchasing a apartment in Cullercoats. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cullercoats conveyancing practitioner is on the Aldermore conveyancing panel.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Cullercoats is the location of the property. Can you offer any advice?
Flying freeholds in Cullercoats are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cullercoats you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cullercoats 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 property.
Are there any apps to help search for a Cullercoats law firm on the Barnsley Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 25kilometers to meet the solicitor.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Cullercoats conveyancing lawyers locally. We have detailed some Cullercoats conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Barnsley Building Society approved list
Back In 2005, I bought a leasehold house in Cullercoats. Conveyancing and Nottingham Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Cullercoats who acted for me is not around. Any advice?
First contact the Land Registry to be sure that this person is in fact the new freeholder. You do not need to instruct a Cullercoats conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Cullercoats Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
-
Is there a share of the freehold? The majority of Cullercoats leasehold apartments will incur a service bill for maintenance of the block levied on behalf of the freeholder. Where you acquire the flat you will have to meet this contribution, normally in instalments accross the year. This could be anything from a few hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a rentcharge to be met annual, ordinarily this is not a significant figure, say around £50-£100 but you need to check it because occasionally it can be prohibitively expensive. The answer will be important as a) areas can cause problems in the block as the communal areas may start to deteriorate where services remain unpaid b) if the tenants have an issue with the managing agents you will need to have complete disclosure
When it comes to my conveyancing in Cullercoats should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Cullercoats conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.