I am remortgaging my apartment in Northampton, does my lawyer need to be on the UBS Conveyancing panel?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Do I need to take out insurance to address the risk of chancel repairs when buying a house in Northampton?
Unless a previous acquisition of the premises completed after 12 October 2013 you could assume that conveyancing practitioners carrying out conveyancing in Northampton to remain recommending a chancel search and or chancel repair liability policy.
five months have gone by following my purchase conveyancing in Northampton took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Northampton. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Northampton
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Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared.
I decided to have a survey completed on a property in Northampton in advance of appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to issue a loan on such a home.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Northampton. Conveyancing will be smoother if you use a solicitor in Northampton especially if they are acquainted with such properties in Northampton.
I’m about to sell my basement apartment in Northampton. Conveyancing is yet to be initiated, however I have recently had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the invoice as normal given that all rents and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Leasehold Conveyancing in Northampton - Examples of Queries Prior to Purchasing
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How is the lease structured? Who are the managing agents?