My mortgage broker has requested my Greasby law firm’s panel member for the Nat West conveyancing panel. Can you suggest how I discover this. I have tried my local Greasby branch but they have not responded to me.
Have you tried speaking to your Greasby property lawyer about this?. Most Greasby law practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I require conveyancing for a flat in a fairly new development (five years built) in Greasby. The vast majority the flats are already disposed of. Is it strictly necessary to order conveyancing searches for my conveyancing in Greasby?
A big part of the Greasby legal transfer of property is the conveyancing searches. There are a large number of search providers who offer Greasby conveyancing searches, as well direct from the local authority. These are usually referred to as personal search providers and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather use a Greasby based conveyancing firm?
Do check but the the likelihood is that appoint one of their panel solicitors where you take up the "fee-free" offer. Speak to the mortgage company and see if they offer you a cash alternative. In the past a few lenders offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Greasby.
The estate agent has sent us the confirmation of our purchase of a new build flat in Greasby. Conveyancing is a frightening process 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 legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Greasby
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. Greasby is where the house is located. What do you suggest?
Flying freeholds in Greasby are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Greasby 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 Greasby 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 tempted by the attractive purchase price for a couple of maisonettes in Greasby which have approximately fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Greasby. The lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the value of the lease decreases and results in it becoming more costly to extend the lease. This is why it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.
Leasehold Conveyancing in Greasby - A selection of Questions you should ask Prior to Purchasing
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It would be wise to investigate if there are any onerous restrictions in the lease. For instance it is very common in Greasby leases that pets are not allowed in certain buildings in Greasby. If you love the propertyin Greasby however your dog can’t make the move with you then you will be faced hard choice. How many of the leaseholders are in arrears for their service charge payments? What is the annual service fee and ground rent?