Unfortunately I am unable to travel far from Eccleshall. What is the rationale as to why all Eccleshall property lawyers are not on all bank panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in lenders pruning less reputable firms from their panel of approved property lawyers .
I own a freehold house in Eccleshall yet charged rent, why is this and what is this?
It’s unusual for properties in Eccleshall and has limited impact for conveyancing in Eccleshall but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am buying a new build apartment in Eccleshall. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Eccleshall
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Due to the encouragement of my in-laws I had a survey completed on a property in Eccleshall ahead of appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend not issue a loan on a flying freehold home.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Eccleshall. Conveyancing will be smoother if you use a solicitor in Eccleshall especially if they are familiar with such properties in Eccleshall.
We are four weeks into a residential purchase having been referred to conveyancers by the selling agent to carry out the conveyancing in Eccleshall. I am am extremely dissatisfied with the quality of service. Can you help me find new conveyancers?
They would have to be really poor in order to consider replacing them. Has the mortgage offer been issued? In the event that it has you must advise them of the replacement solicitor and get the offer are re-sent. Your new conveyancer should be on the mortgage company approved list to avoid added charges and complications. That should be your starting point. The find a solicitor tool can assist you in finding a bank approved conveyancer for your home move in Eccleshall
As a leasehold owner I am on the hook for a maintenance contribution for my first floor flat in Eccleshall. Due to redundancy and personal issues I slipped behind with payments. The managing agents agreed a clearance plan but there remains in the region of £2000 outstanding as of today.
I want to sell and I am concerned this can jeopardize the sale if I have to pay off the arrears first. Do I have to settle before - is this practicable?
The solicitor handing your Eccleshall sale will hopefully be able to negotiate with the management company, and agree with them whether or not they would accept settlement out of the completion monies. This is an example of why it might be good to use a conveyancer in Eccleshall as they are likely to have an established relationship with the parties.