My wife and I are buying a 2 bedroom apartment in Fenstanton with a mortgage. We would like to retain our Fenstanton conveyancer, however the mortgage company advise she’s not on their "panel". It appears that we have little choice but to appoint one of the mortgage company panel firms or keep our Fenstanton lawyer and pay for one of their panel ones to act for them. We feel that this is inequitable; are we not able to require that the bank use our Fenstanton conveyancing practitioner ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Fenstanton conveyancing lawyer to apply to be on the conveyancing panel.
What does a local search inform me about the house we're buying in Fenstanton?
Fenstanton conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Onsearch The local search plays an important part in many a Fenstanton conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
Are there restrictive covenants that are commonly identified as part of conveyancing in Fenstanton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Fenstanton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build apartment in Fenstanton. 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 questions that you may expect your new-build leasehold conveyancing in Fenstanton
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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? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Fenstanton is the location of the property. Can you offer any opinion?
Flying freeholds in Fenstanton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fenstanton you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenstanton may ascertain 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 downsizing from my property. My past solicitors have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Fenstanton if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Fenstanton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.