My flat in Petts Wood is up for sale and I have accepted an offer. Will the property lawyer have to be required to be on the Skipton conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Skipton conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
I am assisting my aunt sell her flat in Petts Wood. Does the conveyancer commission the energy performance certificate or do I organise this?
After the demise of HIPs, energy performance certificates remained a required component of selling a house. An energy assessment should be commissioned before the property is advertised. It is not as aspect of the sale process that solicitors normally arrange. If you are using a Petts Wood conveyancing lawyer they might be able to arrange EPC’s due to their relationships with long established Petts Wood assessors
I'm the single beneficiary of my late father’s estate and I have everything in my name alone, including the house in Petts Wood. Conveyancing formalities meant that the Land Registry date was in January. I want to move. I do know about the CML 6 month 'rule', which means that my property ownership may be treated the same way as though I had purchased the house in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most mortgage companies would take a sensible view as this requirement is primarily there to pick up on subsales or the flipping of property.
My partner and I have organised a further advance on our mortgage from Aldermore as we intend to carry out a loft conversion to our house in Petts Wood. Are we obliged to choose a high street Petts Wood solicitor on the Aldermore conveyancing panel to deal with the legals?
Aldermore would not normally appoint firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore conveyancing panel.
My wife and I own a renovated Edwardian house in Petts Wood. Conveyancing solicitor represented me and Alliance & Leicester . I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to 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 Petts Wood and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with your conveyancing practitioner who conducted the conveyancing.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Petts Wood I like with amenity areas and station nearby, however it's only got 49 years unexpired on the lease. There is not much else in Petts Wood in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
How simple is it to change conveyancer as I have to select a firm on the Barclays Direct conveyancing list. I had appointed a local conveyancing solicitor in Petts Wood five minutes from me but the firm is not accepted by Barclays Direct
It would be our pleasure to assist you select a conveyancing solicitor in Petts Wood on the Barclays Direct panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Petts Wood. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Petts Wood.
I am hoping to put an offer on a small detached house that appears to be perfect, at a great price which is making it more attractive. I have just discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Petts Wood. Conveyancing lawyers have are soon to be appointed. Will they explain the issues?
Most houses in Petts Wood are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Petts Wood so you should seriously consider looking for a Petts Wood conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions such as obtaining the landlord’sconsent to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your conveyancer should advise you fully on all the issues.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Petts Wood conveyancing firm to represent me?
Most certainly. We are happy to put you in touch with a Petts Wood conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Petts Wood residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 50.57 years.