My solicitor has uncovered a a problem with the lease for the apartment we are buying in Salcombe. The other side have suggested title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor says that he must ensure that the bank is content with this solution. Are we the client or is the mortgage company ?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. The appropriate lender provisions have to be complied with.
I am the registered owner of a freehold premises in Salcombe but still invoiced for rent, why is this and what is this?
It is rare for properties in Salcombe and has limited impact for conveyancing in Salcombe but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
We hope to to buy with Darlington Building Society. We have called around locally yet am struggling to find a Salcombe conveyancing firm on the Darlington Building Society approved list. Can you assist?
Please do take advantage of the search tool on this site. Pick the mortgage company and type Salcombe or your preferred area and you will be presented with a number of lawyer based in Salcombe or nearest you.
Have completed on a a detached house in Salcombe , how long will it take for the Land Registry to deal with the formalities evidencing my ownership? My Salcombe conveyancing solicitor works at snail pace, so I want to be sure that my purchase is registered.
As far as conveyancing in Salcombe is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. Currently approximately 80% of submission are fully addressed within two weeks but occasionally there can be protracted delays. Registration takes place after the new owner has moved in to the premises so post completion formalities is not always primary concern but if there is a degree of urgency associated with the registration then you or your lawyers should contact the land registry and explain the circumstances.
Is it possible to switch firm as I have to retain a firm on the Nottingham Building Society conveyancing panel. I instructed a local conveyancing solicitor in Salcombe round the corner but she is not approved by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Salcombe on the Nottingham Building Society panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Salcombe. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Salcombe.
My cousin has urged me to instruct his conveyancers in Salcombe. Should I use them?
Much as we are happy to recommend a Salcombe conveyancing lawyer the ideal way to choose a conveyancing solicitor is to have recommendations from friends or family who have actually used the solicitor you're are thinking of instructing.