Me and my partner are purchasing residence in Eel Pie Island. My lawyer is not listed on the mortgage company solicitor panel. Can I still appoint my Eel Pie Island conveyancing solicitor notwithstanding that they are excluded from the bank panel?
You have numerous choices available to you here
- Complete the purchase with your existing Eel Pie Island solicitor but your lender will need to retain a conveyancer from their approved list. The net result is additional cost and potential interruption.
- Choose a fresh lawyer to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your solicitor to attempt to join the bank panel
I have a terraced Edwardian property in Eel Pie Island. Conveyancing solicitor represented me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the exact same address. Is it worth asking Birmingham Midshires to clarify?
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Eel Pie Island and other areas of 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 mortgage companies. You can also question the situation with your conveyancing solicitor who conducted the conveyancing.
I'm buying my first flat in Eel Pie Island with the aid of help to buy. The sellers would not budge the amount so I negotiated 6k of extras instead. The estate agent advised me not to tell my conveyancer about this side-deal as it will put at risk 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Eel Pie Island is the location of the property. Can you shed any light on this issue?
Flying freeholds in Eel Pie Island are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eel Pie Island you would need to get your solicitor to go 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 Eel Pie Island may decide 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.
I am looking at a two flats in Eel Pie Island which have in the region of 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the value of the lease deteriorates and results in it becoming more expensive to extend the lease. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.
I own a two-bedroom flat in Eel Pie Island. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
if there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the price.
An example of a Lease Extension case for a Eel Pie Island premises is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case was in relation to 1 flat. The unexpired residue of the current lease was 60.45 years.
There are plenty of houses in Eel Pie Island on unadopted roads. My partner and I are buying such a property. Are there any advantages to purchasing a residence on a privately owned road?
Eel Pie Island conveyancing solicitors are used to conveyancing homeson private. The property lawyer should investigate Land Registry data to find any rights or responsibilities. It is possible that there is a residents association that proprietors make annual payments to maintain the road. Where there is one, the road should be maintained and look nicer than council owned.