Our solicitor has discovered a a legal deficiency with the lease for the flat we are purchasing in Freezywater. The other side have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our property lawyer has advised that he must check that the bank is willing to move forward with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
Having sold my house in Freezywater last July yet the purchaser is texting every few hours to say their solicitor is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
After completion of your sale your solicitor should send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor should also send confirmation that the legal charge in favour of the lender has been paid off to the buyers solicitors. There is unlikely to be post completion tasks unique to conveyancing in Freezywater.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Freezywater for a purchase of a leasehold flat 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Freezywater conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Freezywater is where the house is located. Can you shed any light on this issue?
Flying freeholds in Freezywater are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Freezywater you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Freezywater 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.
Having had my offer accepted I require leasehold conveyancing in Freezywater. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Freezywater - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
After months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Freezywater. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to assess the amount due.
An example of a Vesting Order and Purchase of freehold decision for a Freezywater residence is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case affected 2 flats. The remaining number of years on the lease was 80.01 years.
Would local authority permission be necessary to split a single dwelling into multiple flats in Freezywater? This has taken place to a property opposite to a friend in Freezywater and was ignorant of the conversion until it was done.
Planning permission is needed for splitting a single house in Freezywater into apartments but probably not for converting back to single dwelling-house so, in answer to your query, yes.