We are intending to buy a 3 bedroom apartment in Maidenbower with a mortgage. We like our Maidenbower solicitor, but the bank says she’s not on their "panel". It appears that we have no choice but to use one of the bank panel conveyancing practices or keep our Maidenbower conveyancing practitioner and pay for one of their panel lawyers to act for them. We feel that this is inequitable; can we not demand that the bank use our Maidenbower property lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Maidenbower conveyancing lawyer to apply to be on the conveyancing panel.
Why is leasehold purchase conveyancing in Maidenbower costs more?
The conveyancing costs on a leasehold property in Maidenbower is often greater than on a freehold residence. This is due to the additional work required in corresponding with the freeholder and management company to collate the information concerning whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
Our mortgage company has suggested solicitors on their panel based in Maidenbower but I would rather choose a conveyancing lawyer in Maidenbower or nearer to where I live. Are you able to assist?
It is by no means the case that all Maidenbower conveyancing firms are approved and listed on all lender’s conveyancing panel. Use the above search tool to identify a Maidenbower conveyancing conveyancer on the on the mortgage company panel.
Just acquired a semi-detached house in Maidenbower , What is the estimated time for the Land Registry to register my proprietorship? My Maidenbower conveyancing solicitor has been painfully slow, so I want to be certain the post completion formalities are addressed.
There is nothing unique when it comes to conveyancing in Maidenbower registration formalities. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and whether the Land registry have to notify any 3rd persons or bodies. As of today approximately three quarters of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Registration occurs after the buyer is living at the property therefore 'speed' is not always top priority but where it is urgent that the the registration takes place urgently then you or your conveyancer should speak with the land registry and explain the circumstances.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Maidenbower. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Maidenbower
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
At what point do I pay stamp duty payable for my Maidenbower property purchase?
Most conveyancers will complete a stamp duty return on your behalf as part of your Maidenbower conveyancing transaction for you to sign. On completion your conveyancer will submit your STL Return Form to the Inland Revenue and - assuming they have the money - discharge any Stamp Duty due on your behalf.