My Riding Mill conveyancer has discovered a difference between the information in the home valuation survey and what is in the title deeds. My lawyer has advised that he must ensure that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s course or action correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are getting a further advance on our mortgage from RBS as we wish to conduct improvements to our property in Riding Mill. Are we obliged to choose a high street Riding Mill solicitor on the RBS conveyancing panel to deal with the paperwork?
RBS would not normally instruct firms on their conveyancing panel 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 RBS list.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Riding Mill solicitor on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
I have decided to exercise my right to buy my property in Riding Mill off the council. I have a mortgage offer with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
How does conveyancing in Riding Mill differ for new build properties?
Most buyers of new build residence in Riding Mill contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Riding Mill typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Riding Mill or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and found one close by in Riding Mill I like with a park and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Riding Mill in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Expecting to complete next month on a garden flat in Riding Mill. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Riding Mill should include some of the following:
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What you can do if a neighbour is in violation of a provision in their lease? Changes to the premises Rent payments - how much and when you need to pay, and also know whether this will change in the future Are you allowed to have a pet in the flat? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
Leasehold Conveyancing in Riding Mill - A selection of Queries Prior to Purchasing
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How many of the leaseholders are in arrears for their maintenance charge payments? How much is the service charge and ground rent on the apartment? It is important to be aware whether fixing the lift or some other major work is due shortly to be shared between the tenants and will dramatically impact the level of the service costs or require a one time payment.
At long last a mortgage offer from a lender for the remortgage of my 3 bedroom maisonette is expected imminently. Are you able to recommend a cheap remortgage conveyancing solicitor in Riding Mill ?
You have come to the wrong place to search for a cheap conveyancing solicitors in Riding Mill. Our aim is to provide value for money conveyancing but we do not aim to advertise as being the cheapest. Do not be fooled by brokers offering low cost conveyancing in Riding Mill.In your best case scenario, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up paying a lot in extras and still not receive the service you were looking for.