I have been recommended a conveyancing solicitor in Fakenham. I I am struggling to find out whether they are on the Chelsea Building Society conveyancing panel. Could you or the lender confirm if they are on the panel?
You should e-mail the lawyer and enquire whether they can act for the bank. Alternatively you should call Chelsea Building Society who may be able to help.
We are buying a property and the lawyer has mentioned Chancel Repair for which the property could be liable given it’s proximity to the area of such a church. He has suggested insurance. Is this really warranted for conveyancing in Fakenham
Unless a prior purchase of the house took place after 12 October 2013 you could expect solicitors conducting conveyancing in Fakenham to continue to propose a a chancel search and or insurance against a claim.
Have purchased a a detached house in Fakenham , What is the estimated time for the Land Registry to record my ownership? My Fakenham conveyancing solicitor works at snail pace, so I want to be certain that my ownership is registered.
There is nothing unique about conveyancing in Fakenham registration formalities. As opposed to being determined by geographic area, timeframes can adjust subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. As of today approximately 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive delays. Registration occurs after the purchaser has moved in to the premises therefore 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
I decided to have a survey carried out on a house in Fakenham before instructing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend not issue a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. If you e-mail us we can investigate 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 Fakenham. Conveyancing will be smoother if you use a solicitor in Fakenham especially if they are acquainted with such properties in Fakenham.
I am employed by a busy estate agent office in Fakenham where we have experienced a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local Fakenham conveyancing firms. Please can you shed some light as to whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Fakenham Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying
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The prefered form of lease structure is where the freehold reversion is owned by the leaseholders. In this scenario the leaseholders have being in charge if their destiny and notwithstanding that a managing agent is often retained if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. Who takes charge for maintaining and repairing the block? Are any of leasehold owners in arrears of their service charge payments?
What is the reason for my property lawyer requiring a list of items of identification before I can proceed with selling or buying a property in Fakenham?
Fakenham solicitors are duty bound by the Law Society, Solicitors Regulation Authority, HM Land Registry and current AML Regulations to certify that the have checked the identity of their clients. It will also be a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, NI number and DOB.