We wanted to use a conveyancing solicitor in Eastleigh for our home move. Our broker has since advised us that our mortgage company Chelsea Building Society won't deal with them. Surely this is unduly restrictive?
Mortgage Companies in the main restrict either the type or the number of conveyancing solicitors on their panel. Typical examples of such restriction(s) being that a law practice must have two or more partners. As well as restricting the type of firm, some have decided to limit the number of firms they permit to represent them. You should note that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of solicitor panels a few years ago even though there remains differing views regarding the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that plenty of law firms, including some in or near Eastleigh only execute very few conveyances per annum.
My wife and I own a semi-detached Edwardian property in Eastleigh. Conveyancing practitioner acted for me and Barclays . 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 matching property. I'd like to know for sure, how can I find out??
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Eastleigh 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 lenders. You can also check the situation with the conveyancing lawyer who carried out the work.
I'm purchasing a new build house in Eastleigh with a loan from TSB. The sellers refused to reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my lawyer about the extras as it would impact my mortgage with the lender. Is this normal?.
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.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Eastleigh and how can your lawyers assist?
The 1954 Act affords a safeguard to business leaseholders, granting the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Eastleigh
My cousin has recommend that I appoint his lawyers for conveyancing in Eastleigh. Should I choose my own solicitor?
There are no two ways about it the best way to choose a conveyancing lawyer is to seek referrals from friends or family who have experience in using the conveyancer that you are are thinking of instructing.
I wish to sublet my leasehold apartment in Eastleigh. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Some leases for properties in Eastleigh do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
Eastleigh Conveyancing for Leasehold Flats - Examples of Queries before Purchasing
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It is important to be aware whether redecorating or some other major work is anticipated to be shared amongst the tenants and will materially increase the the service fees or necessitate a one off invoice. In the main the outlay for major works are not included within maintenance charges, although there some managing agents in Eastleigh obliged tenants to contribute towards a reserve fund and this is used to offset against major works. Are any of leasehold owners in arrears of their service charge liability?