I am expecting a offer of a home loan from Santander. I hope to retain the legal services of a Licensed Conveyancer in Port Isaac. Does the Santander Conveyancing panel include conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Having sold my house in Port Isaac last August yet the purchaser is telephoning daily to moan that his solicitor is waiting to hear from mylawyer. What should my lawyer have done now that I have sold?
Post completion of your house sale your conveyancer should send the transfer documentation and all additional paperwork to the purchaser's lawyers. Depending on the transaction, your conveyancer should also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Port Isaac.
I have Fifty Six years unexpired on my lease and require a lease extension for my flat in Port Isaac. Conveyancing solicitors on the Accord Mortgages panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/12/2024 the requirements read as follows :
I've recently found out that there is a flying freehold element on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Port Isaac is the location of the property. What do you suggest?
Flying freeholds in Port Isaac are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Port Isaac you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Port Isaac 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 premises.
Completion is due on our sale of a £175,000 maisonette in Port Isaac on Thursday in a week. The management company has quoted £360 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Port Isaac?
For the majority of leasehold sales in Port Isaac conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering conveyancing due diligence questions
Where consent is required before sale in Port Isaac
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Port Isaac Leasehold Conveyancing - Sample of Queries Prior to Purchasing
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Are any of leasehold owners in arrears of their service charge payments? Please note that where the lease has no more than eighty years it will affect the value of the property. It is worth checking with your mortgage company that they are happy with the length of the lease. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth discovering what this would cost. For most Port Isaaclease extensions you would be required to have been the owner of the residence for two years in order to be legally able to extend the lease.
A couple of weeks ago I was informed by my bank that their panel solicitors operate no sale no fee basis for conveyancing in Port Isaac. I had a purchase fall through yet the conveyancers have invoiced for search fees! They say the fees are independent!
in offering "no move no fee" Port Isaac conveyancing lawyers are foregoing their fees for any work conducted. We should make it clear that this is NOT an insurance scheme. you will still be expected to reimburse any disbursements that your conveyancer has outlayed for you for instance Port Isaac local authority searches