We are acquiring a newly constructed flat in North Ockendon and my solicitor is advising me that she is duty bound to the bank to reveal incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What will a local search inform me concerning the house I am purchasing in North Ockendon?
North Ockendon conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search plays a central part in many a North Ockendon conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic headings.
Me and my brother own a semi-detached Victorian property in North Ockendon. Conveyancing solicitor represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North Ockendon and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with your conveyancing practitioner who conducted the purchase.
I opted to have a survey carried out on a property in North Ockendon prior to appointing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders may refuse to give a mortgage on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further 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 North Ockendon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in North Ockendon to see if the conveyancing will be more expensive.
My company is wishing to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-sale-no charges for commercial conveyancing in North Ockendon for less than 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in North Ockendon, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. As for the costs this will depend on the structure and nuances of the proposed transaction. Let us have your details or call so as to enable us to furnish you with a fixed commercial conveyancing calculation.
I am 17 days into a leasehold purchase having been referred to solicitors by the estate agent to execute conveyancing in North Ockendon. I am not happy. Could you help me find new solicitors?
They would need to be really bad to suggest changing them. Has your mortgage offer been issued? In the event that it has you must make them aware of the replacement conveyancer and ensure the mortgage documents are re-sent. Your conveyancer needs to be on the mortgage company approved list to avoid escalating costs and delays. That should be your starting point. Our find a solicitor tool will assist you in finding a lender approved solicitor for your home move in North Ockendon