My lawyer has identified a a legal deficiency with the lease for the property we are purchasing in Lyddington. The seller’s lawyers have suggested title insurance as a solution. We are content with insurance and will pay for it. Our solicitor has advised that he must check that the lender is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions have to be complied with.
I can see plenty of information on this site concerning conveyancing in Lyddington but can you isolate your top tip for appointing the right conveyancer in Lyddington
We would encourage you not to go for the lowest Lyddington conveyancing costs illustration. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My wife and I buying a 3 bedroom semi in Lyddington. The intention is to carry out a loft conversion at the property.Will legal due diligence on the property involve checks to ascertain if these works were previously refused?
Your conveyancer should review the registered title as conveyancing in Lyddington will sometimes identify restrictions in the title documents which restrict categories of works or require the consent of a 3rd party. Many works need local authority planning consent and approval in compliance with building regulations. Many locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
When it comes to mortgage companies such as Clydesdale, do Lyddington property lawyers face an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
The deeds to my house are lost. The solicitors who handled the conveyancing in Lyddington 10 years ago have long since closed. What are my next steps?
Gone are the days when you need to hold title original deeds to evidence that you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
We're FTB’s - agreed a price, yet the agent advised that the vendor will only move forward if we instruct their recommended solicitors as they want a ‘quick sale’. We would rather use a high street conveyancer who is accustomed to conveyancing in Lyddington
It is improbable the vendors are driving this. Should the vendor want ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)however you are going to instruct your own,trusted Lyddington conveyancing solicitors - rather thanthose that will give their estate agent a referral fee or achieve conveyancing targets set by head office.
Back In 2004, I bought a leasehold flat in Lyddington. Conveyancing and Halifax mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Lyddington who previously acted has long since retired. Do I pay?
First contact the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to incur the fees of a Lyddington conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Lyddington Conveyancing for Leasehold Flats - A selection of Queries Prior to buying
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It would be wise to find out if there are any onerous prohibitions in the lease. For example it is fairly common in Lyddington leases that pets are not permitted in certain buildings in Lyddington. If you love the propertyin Lyddington but your cat can’t move with you then you will be presented with a difficult determination. Does the lease include onerous restrictions? How is the lease structured?
Is it the case that all Lyddington law firms on every bank conveyancing panel?
You can use our search tool or you can drop into your local lender branch in Lyddington. the probability is that they can recommend conveyancing solicitors in Lyddington