My husband and I are acquiring an apartment in Meltham. My lawyer is not on the mortgage company approved list. Is it possible for me to continue with my Meltham conveyancing solicitor even though they are excluded from the mortgage company panel?
One must instruct a solicitor to deal with the legal work required if you need a loan to buy your home. They will carry out all the essential legal checks on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage documentation is dealt with. You could instruct a Meltham conveyancer of your choice. Nevertheless, where the conveyancing practitioner appointed is not on the lender approved list additional charges will be levied as separate legal representation will be required by them. Bank panel applications can be submitted, so provided your conveyancer has not in the past sought membership they should take the opportunity to apply.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Meltham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Meltham. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey carried out on a property in Meltham ahead of appointing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor has said that some banks may not grant a loan on such a property.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Meltham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Meltham to see if the conveyancing will be more expensive.
I'm remortgaging my existing home to a BTL mortgage with Clydesdale and intend to use the remaining equity towards another property. The area we are looking at is Meltham. Will your conveyancers be able to act for the two banks and link together the transactions?
Do use our search tool on this page to ensure that the conveyancers are approved by both mortgage companies. On the basis that they are the lawyer should be able to tie up the two transactions but you should have a chat with you lawyer and specify your desired outcome and needs.
I would like to sublet my leasehold apartment in Meltham. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Even though your last Meltham conveyancing lawyer is no longer available you can check your lease to see if you are permitted to let out the premises. The accepted inference is that if the lease is non-specific, subletting is allowed. There may be a precondition that you need to seek permission via your landlord or other appropriate person before subletting. This means you not allowed to sublet in the absence of prior consent. Such consent is not allowed to be unreasonably refused ore delayed. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
Meltham Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
-
Its a good idea to find out as much as you can concerning the managing agents as they can either make living at the property much easier or uncomfortable. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to practical issues like the upkeep of the common parts. You should not be afraid to ask other tenants whether they are happy with their management. Finally, be sure you discover the dates that the service charges are due to the appropriate party and specifically what it includes. Best to be warned whether changing the roof or some other major work is coming up that will be shared amongst the leaseholders and may well dramatically impact the level of the service costs or require a one off invoice. Who are the managing agents?
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the lender conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.