I am the sole beneficiary of my late father’s estate with all property in now in my sole name, including the house in Hathern. The Hathern property was put into my name in November. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership could be regarded the same way as if I'd bought the house in November. Do I have to wait half a year to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. Some banks would take a sensible view as this obligation chiefly exists to pick up on subsales or the flipping of properties.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Hathern conveyancer on the Bank of Ireland panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
I am currently in the process of buying my council flat in Hathern. I have a mortgage agreed with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
Do commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Hathern?
Many commercial conveyancing solicitors in Hathern will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Hathern. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hathern.
For each commercial conveyancing transaction in Hathern it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Hathern commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Hathern.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The conveyancers who conducted the conveyancing in Hathern 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to hold title official documentation to establish that you own the land or property, as the Land Registry have everything they need in a digital format.
I am purchasing a new build house in Hathern with a mortgage from Skipton Building Society. The builders would not move on the amount so I negotiated £7000 of extras instead. The property agent suggested that I not to tell my lawyer about this extras as it may adversely affect my loan with Skipton Building Society. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a property in Hathern ahead of instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to issue a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hathern. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for purchase conveyancing in Hathern. I happened to land on a web site which looks to be the ideal solution If there is a chance to get all formalities completed via email that would be ideal. Should I 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?