My husband and I are intent on buying a flat in Riddlesdown. My Conveyancer is not listed on the lender conveyancing list. Can I still appoint my Riddlesdown conveyancing solicitor notwithstanding that they are not on the bank panel of approved conveyancing solicitors?
One must have a property lawyer to deal with the legal work required if you take out a loan to purchase your home. They will carry out all the relevant investigations on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in order. You may appoint a Riddlesdown conveyancing practitioner of your choosing. Nevertheless, if the solicitor selected is not a member of the mortgage company approved list supplemental charges will be levied as separate legal representation will be required by them. Conveyancing panel applications can be submitted, so if your lawyer has not in the past sought membership they can do so.
I am buying a new build apartment in Riddlesdown. Conveyancing is daunting 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 conveyancing.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Riddlesdown
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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? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Riddlesdown I like with a park and station nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Riddlesdown in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
How do I search for a Riddlesdown law firm on the Leeds Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the facility on this page. Please choose the bank and your location and you will see a number of Riddlesdown conveyancing lawyers based on proximity. We have listed some Riddlesdown conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Leeds Building Society approved list
I need to retain a conveyancing solicitor for purchase conveyancing in Riddlesdown. I happened to chance upon a web site which appears to be the ideal solution If there is a chance to get all formalities done via phone that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I bought a flat in Riddlesdown last 15/11/2024 and to date it is still not registered with HM Land Registry. It was part of a new estate and my conveyancing practitioner told me that it can take 12 months to register. I have called HM Land Registry directly and they have informed me the initial application was cancelled due to questions not being addressed in time. Do I need to be concerned?
It is your lawyer that you must contact in order to satisfy any questions which have been raised as part of the registration process for your Riddlesdown property. Normal Riddlesdown conveyancing practice includes an undertaking on the part of the previous owner’s lawyer that they will assist in resolving any requirements raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.