What is the difference between a licensed conveyancer and conveyancing solicitor in Eaglescliffe
Two types of professional can execute conveyancing in Eaglescliffe namely CLC regulated conveyancers or solicitors. Both professionals provide the legal services that you need to complete the disposal or purchase of property. They are both duty bound to carry out Eaglescliffe conveyancing on similar standards and guidelines so you can be sure that your conveyancing will be properly administered and that the necessary procedures should be correctly taken.
is it true that all Eaglescliffe solicitor practices on the Kent Reliance conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Kent Reliance approved list of solicitors they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such organisation would be governed by the CLC.
I can not work out if my mortgage offer requires a lease extension. I have called my Eaglescliffe building society branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Eaglescliffe conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your solicitor must comply with the Council of Mortgage Lenders’ Handbook Part 2 provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I need some quick conveyancing in Eaglescliffe as I am faced with an ultimatum to sign on the dotted line within 2 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not taking a home loan you are at free not to have searches carried out although no solicitor would advise that you don't. With plenty of history conveyancing in Eaglescliffe the following are examples of issues that can arise and therefore impact market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
I purchased a terraced Edwardian house in Eaglescliffe. Conveyancing practitioner represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for 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 Eaglescliffe and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who conducted the purchase.
I am purchasing a new build house in Eaglescliffe with a mortgage from Godiva Mortgages Ltd. The developers would not move on the price so I negotiated £7000 of extras instead. The sale representative advised me not to tell my conveyancer about this extras as it will impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I opted to have a survey done on a house in Eaglescliffe prior to retaining conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will refuse to issue a loan on such a premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you contact us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eaglescliffe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eaglescliffe to see if the conveyancing costs will increase in light of this.
My wife and I purchased a leasehold house in Eaglescliffe. Conveyancing and Chelsea Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Eaglescliffe who previously acted has long since retired. Do I pay?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Eaglescliffe conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Eaglescliffe Leasehold Conveyancing - A selection of Queries before Purchasing
-
How many of the leaseholders are in arrears for their service charge payments? How long is the Lease?