We are due to complete buying a property in Great Barford but as a consequence of wreckage from some water damage at the property I have was able negotiate reparation from the current proprietors in the sum of £3k in the form of a deduction in the price. I had intended this to be addressed as part of amending the contract but TSB will not agree to this. Why were they informed?
The conveyancer being on a TSB approved list is obliged to disclose to TSB of any changes to the sale price. If you prohibit your solicitor to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new property lawyer for your conveyancing in Great Barford.
I purchased a freehold residence in Great Barford but nevertheless charged rent, why is this and what is this?
It is rare for properties in Great Barford and has limited impact for conveyancing in Great Barford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Do I need to visit the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Great Barford so that I can attend their offices if necessary.
These days conveyancing panel lawyers for mortgage companies conduct the vast majority of communications via Royal Mail, internet or over the phone. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. Nevertheless you should check if you can still book an appointment to visit conveyancing lawyer if just in case this is required.
My husband and I have arranged a further advance on our home loan from Leeds Building Society as we wish to conduct renovations to our home in Great Barford. Are we obliged to appoint a high street Great Barford solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?
Leeds Building Society do not ordinarily require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society list.
We were going to get a DIP from Nationwide this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Nationwide recommend any Great Barford solicitors on the Nationwide conveyancing panel, or is it better to go independently?
You will need to appoint Great Barford solicitors independently although you'll need to choose one on the Nationwide conveyancing panel. The solicitor represents both you and Nationwide through the process.
My partner and I are in the process of viewing flats in Great Barford and I am about to put in an offer. Should I already have a solicitor in place at this stage? I am planning to take a home loan with UBS.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the EA. As you are obtaining a mortgage with UBS, ask your prospective lawyers if they are on the UBS conveyancing panel otherwise they can't do the mortgage legal work.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Great Barford is where the house is located. Is there any advice you can impart?
Flying freeholds in Great Barford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Great Barford 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 Great Barford 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 need to retain a conveyancing solicitor for my conveyancing in Great Barford. I've chance upon a site which looks to be the ideal solution If it is possible to get all this stuff completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?