I am expecting a mortgage offer from Halifax. I hope to employ the services of a Licensed Conveyancer in Robin Hoods Bay. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
My partner and I are approaching an exchange on a property in Robin Hoods Bay and my mum and dad have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my lender. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
Your conveyancer is obliged to check with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We see that you have a search directory listing firms on the Nationwide conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Robin Hoods Bay?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Robin Hoods Bay.
My wife and I buying a end of terrace house in Robin Hoods Bay. We would like to an extension at the rear at the property.Will the conveyancing process involve investigations to ascertain if these works were previously refused?
Your solicitor will check the deeds as conveyancing in Robin Hoods Bay can sometimes identify restrictions in the title documents which prohibit categories of works or require the permission of a 3rd party. Many works require local authority planning permissions and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these things with a surveyor prior to committing yourself to a purchase.
We previously selected conveyancing lawyers based in Robin Hoods Bay on the Virgin Money solicitor approved list. They are now charging me an additional fee for dealing with the Virgin Money mortgage. Is this an additional conveyancing fee set by Virgin Money?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your conveyancer may charge a fee for this. The fee is not set by Virgin Money but by your Robin Hoods Bay conveyancer. Some firms on the Virgin Money panel will levy an ‘acting for lender’ fee and others do not.
How can we know in advance if a Robin Hoods Bay conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Robin Hoods Bay obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor handling your transaction.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Robin Hoods Bay I like with a park and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Robin Hoods Bay suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
Looking forward to sign contracts shortly on a garden flat in Robin Hoods Bay. Conveyancing solicitors inform me that they report fully next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Robin Hoods Bay should include some of the following:
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Does the lease prevent you from subletting the property, or working from home Responsibility for repairing the window frames Defining your rights in respect of common areas in the building.By way of example, does the lease permit a right of way over a path or hallways? You need to be informed what is to be regarded as a Nuisance in the lease Details of the parties to the lease, for example these could be the tennant, head lessor, freeholder
Robin Hoods Bay Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
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You should be aware that where the lease has less than eighty years it will affect the value of the flat. It is worth checking with your lender that they are happy with remaining years on the lease. A short lease means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this will be. For most Robin Hoods Baylease extensions you will be be obliged to have been the owner of the property for a couple of years in order to be entitled to exercise a lease extension. Be sure to investigate if there is anything that is prohibited in the lease. For instance it is very common in Robin Hoods Bay leases that pets are not allowed in in a block in Robin Hoods Bay. If you love the apartmentin Robin Hoods Bay but your dog is not allowed to make the move with you then you have a very difficult compromise. Is there a share of the freehold?