Our lawyer has identified a a problem with the lease for the property we are buying in Ollerton. The other side have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer has advised that he must ensure that the bank is happy with this solution. Are we the client or is the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. These conveyancing instructions must be adhered to.
Can I use your services to locate a Conveyancing solicitor in Ollerton even if I’m not buying or selling a house, for instance where I wish to buy an office in Ollerton with a loan from TSB?
Our search tool is predominantly there to find residential conveyancing solicitors in Ollerton but we have recorded at the end of this page some Ollerton commercial conveyancing firms. You will need to speak with the firm directly to establish if they are also authorised to represent TSB
I am due to move property in May. Will my conveyancing solicitor call the removal company on the completion day. On a separate note, can you recommend a removal company in Ollerton. Conveyancing solicitor was organised before I stumbled across your site.
On the afternoon of completion you can collect the keys from your selling agent but this should only occur after the previous owners conveyancers advise the agent that they have the completion monies and the keys can be handed over. After that you can tell the removal men that you are ready to move in. We do not recommend a specific removal organisation but can help you choose a residential property solicitor in Ollerton or a solicitor with expertise in conveyancing in Ollerton.
We are getting the release of further funds on our mortgage from Yorkshire BS as we intend to conduct alterations to our house in Ollerton. Do we need to appoint a high street Ollerton solicitor on the Yorkshire BS conveyancing panel to deal with the legals?
Yorkshire BS don't usually appoint a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Yorkshire BS panel.
I currently have a mortgage with Virgin Money for my property in Ollerton. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Virgin Money?
Your original mortgage agreement with Virgin Money will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Virgin Money’s mortgage conditions. It may be that Virgin Money will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Virgin Money directly. You need not do this via a Virgin Money conveyancing panel firm.
Are there restrictive covenants that are commonly picked up during conveyancing in Ollerton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ollerton. 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 am buying a new build apartment in Ollerton. Conveyancing is a frightening process 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.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Ollerton
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Partway through the sale of a leasehold flat in Ollerton. Conveyancing is fine but we have been asked to pay a fortune by the managing agents. To date we have issued a cheque for £268 for a leasehold management pack and then another £134.40 for additional questions raised by the buyers lawyer.
Neither you or your conveyancing practitioner will have any say over the extent of the bill for this information however the average fee for the information for Ollerton leasehold premises is £395. When it comes to Ollerton conveyancing deals it is conventional for the vendor to pay for these charges. The landlord or their agents are under no legal obligation to address these questions although many will be content to do so - albeit often at high prices out of proportion to the work involved. Regretfully there is no statute that requires fixed fees for administrative tasks. There is no legal time limit by which they are obliged to supply answers.