We see that you have a search directory listing solicitors on the TSB conveyancing panel. Do companies pay you a referral fee if I instruct 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 TSB 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.
I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in Robin Hoods Bay with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
About to purchase a new build flat in Robin Hoods Bay. Conveyancing is necessary evil 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.
Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Robin Hoods Bay
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Robin Hoods Bay is the location of the property. Can you shed any light on this issue?
Flying freeholds in Robin Hoods Bay are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Robin Hoods Bay you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Robin Hoods Bay 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.
I have been pointed in your direction by a number of property agents in Robin Hoods Bay to get a quote from a solicitor using your seach tool. Is there a financial upside for Estate Agents to market your site over and above another?
We don’t offer any referral fee for directing people our way. We thought it would be too underhand a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My mortgage broker has suggested using their property lawyer for our conveyancing in Robin Hoods Bay - Surely it’s advisable to just use them?
It is worth checking if the estate agent is recommending a conveyancing practitioner or introducing to a lawyer. There are plenty of Robin Hoods Bay estate agents who recommend two or three Robin Hoods Bay conveyancing firms and get nothing from it.