My partner and I are acquiring our first home. Our solicitor has e-mailedto enquire if we wish to purchase supplemental conveyancing searches. As novices we have no idea as to what's needed for conveyancing in Hale Barns
The scope of Hale Barns conveyancing searches should be dictated primarily on the property, the location, the probability of any of these risks, your familiarity of the locality and risks, your general appetite to risk. What matters is that you adequately comprehend what information each search could provide. You may then decide if you consider that you need that search. If unclear, ask your conveyancing practitioner to recommend.
Do lenders provide you with an approved list of Hale Barns conveyancing solicitors? How do you know who is on the Nottingham conveyancing panel?
Hale Barns conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
I am due to move house in March. Will my conveyancing solicitor call the removal company on the completion day. As an aside, can you recommend a removal company in Hale Barns. Conveyancing solicitor was chosen prior to coming across your site.
On the afternoon of completion you can collect the house keys from your selling agent however this should only be done when the previous owners conveyancers advise the agent that the monies to complete are in and the keys can be collected. You can advise the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can help you choose a conveyancing in Hale Barns or a lawyer with expertise in conveyancing in Hale Barns.
It is unclear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Hale Barns bank branch on numerous occasions and was told it does not affect the mortgage offer and they will lend. My Hale Barns conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
The conveyancing practitioner must comply with the Council of Mortgage Lenders’ Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my house. I had a double glazing fitted in October 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Leeds Building Society are being problematic. The Hale Barns solicitor who is on the Leeds Building Society conveyancing panel is saying indemnity insurance will be fine but Leeds Building Society are requiring a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
4 months have elapsed following my purchase conveyancing in Hale Barns completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build apartment in Hale Barns. 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.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Hale Barns
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I own a leasehold flat in Hale Barns. Conveyancing and Platform Home Loans Ltd mortgage organised. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Hale Barns who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to make sure that this person is indeed the new freeholder. You do not need to instruct a Hale Barns conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a basement flat in Hale Barns, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Hale Barns with over 90 years remaining are worth £206,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2091
You have 66 years remaining on your lease the likely cost is going to be between £11,400 and £13,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.