Unfortunately I am unable to travel far from Gerrards Cross. Is there a reason why all Gerrards Cross conveyancers are not on all bank panels?
Even though it may seem unfair for mortgage companies to restrict who can represent them, from the public’s or conveyancer’s standpoint, the flip side is that lending institutions are becoming ever more anxious and consider it crucial to shield themselves against illegal activities. As a result of this concern mortgage companies have restricted their panel of approved conveyancing lawyers to a manageable size.
My stepmother informed me that in buying a property in Gerrards Cross there could be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Gerrards Cross which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Gerrards Cross should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I happen to be the only recipient of my late father’s estate and I have everything in my name now, including the house in Gerrards Cross. The Gerrards Cross property was put into my name in December. I want to move. I understand that there is a CML 6 month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the property in December. Do I have to wait half a year to sell?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How sensible a view lenders take of it, depend on the bank as this requirement is chiefly there to pick up on subsales or the quick reselling of property.
Planning on purchasing a flat in Gerrards Cross. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Gerrards Cross conveyancer is on the Nottingham conveyancing panel.
I am buying a new build flat in Gerrards Cross. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Gerrards Cross
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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? 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, no chain conveyancing. Gerrards Cross is where the house is located. Is there any guidance you can impart?
Flying freeholds in Gerrards Cross are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Gerrards Cross you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Gerrards Cross 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 premises.
I'm remortgaging my current house to a buy to let mortgage with Barclays Direct and I will use the ballance of the raised equity as a down payment on a second house. The neighborhood we are looking at is Gerrards Cross. Will your solicitors be able to act for the two banks and link together the transactions?
Do use our comparison tool on this site to check that the solicitors are on the relevant lender panels. Having checked that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and make apparent your expectations and requirements.
What can I do to determine who is the owner of a property in Gerrards Cross?
As long as the premises is recorded at the Land Registry, and you have the specifics of the location of the premises, you will be able to view details from the HM Land Registry of the registered proprietor for a a minimal charge.