My fiance and I are intent on acquiring an apartment in East Barming. My Conveyancer has never been on on the bank solicitor list. Am I still permitted to use my East Barming conveyancing solicitor notwithstanding that they are not on the lender approved list?
You have numerous alternatives available to you here
- Proceed with your existing East Barming solicitor but your bank will undoubtedly instruct a conveyancing practitioner from their approved list. The net result is additional cost and likely frustration.
- Get a fresh conveyancing practitioner to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your lawyer to seek to join the bank panel
My colleague advised me that where I am buying in East Barming I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard East Barming conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about East Barming around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the East Barming Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about East Barming.
My wife and I have a renovated Georgian property in East Barming. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the exact same address. Is it worth asking Norwich and Peterborough Building Society to clarify?
You should read 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 East Barming and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who carried out the work.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. East Barming is the location of the property. Can you shed any light on this issue?
Flying freeholds in East Barming are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Barming you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Barming 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 residence.
I have been recommended by numerous selling agents in East Barming to find a solicitor on your site. Is there a financial inducement for Estate Agents to market your lawyers ahead of alternative conveyancing organisations?
We refuse to make any referral fee for directing people to this site. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Two months into a sale of a flat in East Barming. Conveyancing is fine but we have been asked to pay an extortionate amount from the managing agents. So far we have issued a cheque for £237 for a leasehold management pack and then a further £200 plus VAT for responses to queries raised by the buyers property lawyer.
Neither you or your property lawyer will have any impact over the level of the fee for this information however the typical costs for the information for East Barming leasehold premises is £395. When it comes to East Barming conveyancing transactions it is standard for the seller to pay for these charges. The landlord or their agents are not duty bound to answer such questions most will agree to do so - albeit often at high prices out of proportion to the work involved. Unfortunately there is no law that mandates fixed charges for administrative tasks. Neither is there any statutory time frame by which they are obliged to provide the information.