We just had an offer accepted to buy with Melton Mowbray Building Society. I visited a few high street firms yet am struggling to find a Polegate conveyancing firm on the Melton Mowbray Building Society approved list. Could you help?
You should take advantage of the search tool on this web page. Please choose the building society and type Polegate or your preferred area and you will discover numerous solicitors offices in Polegate or nearest you.
We are purchasing a property in Polegate. I might seem paranoid but how we can trust a solicitor? At some point we will need to deposit our life savings into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I'm the single recipient of my late mum's will and I have everything in my name now, including the house in Polegate. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be regarded the same way as if I'd bought the house in November. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. Most mortgage companies would take a practical view as this requirement is primarily there to pick up on subsales or the flipping of property.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Polegate bank branch on various occasions and was advised it wasn't an issue and they would lend. My Polegate conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their published requirements. Who do I believe?
The lawyer must follow the Council of Mortgage Lenders’ Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I used Action Conveyancing a few years past for my conveyancing in Polegate. I now require my papers but the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Polegate of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Polegate is the location of the property. Is there any guidance you can give?
Flying freeholds in Polegate are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Polegate you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Polegate may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am employed by a reputable estate agency in Polegate where we have witnessed a few leasehold sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local Polegate conveyancing solicitors. Please can you clarify whether the vendor of a flat can initiate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Polegate Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
-
Many Polegate leasehold apartments will incur a service bill for maintenance of the building set by the management company. Should you purchase the property you will have to meet this charge, usually in instalments during the year. This could vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a rentcharge to be met yearly, ordinarily this is not a large figure, say about £25-£75 but you need to check it because occasionally it could be surprisingly expensive. How many years are left on the lease? Who are the managing agents?
At long last a mortgage agreement from a lender for the refinancing of my 2 bedroom maisonette is coming any day now. Could you suggest a cheap remortgage conveyancing solicitor in Polegate ?
This site is not designed to help in pursuit of the lowest fares for conveyancing solicitors in Polegate. Our aim is to provide cost effective conveyancing but we do not work with the cheapest lawyers. Do not be fooled by brokers offering low cost conveyancing in Polegate.In your best case scenario, in going for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in additional fee and still not receive the service expected.