Our lawyer has discovered a a problem with the lease for the property we are buying in Spennymoor. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will cover the costs. Our solicitor says that he must be satisfied that the lender is content with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
I completed on my house on 1 January and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Spennymoor said it will be registered inside ten days. Are transfers in Spennymoor uniquely lengthy to register?
As far as conveyancing in Spennymoor is concerned, registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can differ depending on the party submitting the application, whether it is in order and if the Land registry communicate with any interested parties. Currently in the region of three quarters of submission are completed within 12 days but some can be subject to protracted hold-ups. Historically registration occurs after the buyer is living at the premises so an expedited registration is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
About to purchase a new build apartment in Spennymoor. Conveyancing is a frightening process 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Spennymoor
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I decided to have a survey completed on a house in Spennymoor ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders tend refuse to grant a loan on such a premises.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Spennymoor. Conveyancing may be slightly more expensive based on your lender's requirements.
Can you offer any advice when it comes to appointing a Spennymoor conveyancing firm to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Spennymoor conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Spennymoor conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Spennymoor who can give a testimonial?
Spennymoor Conveyancing for Leasehold Flats - Examples of Queries before buying
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Plenty Spennymoor leasehold properties will have a service bill for maintenance of the building levied by the freeholder. Should you acquire the flat you will have to pay this charge, usually quarterly throughout the year. This can vary from several hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent to be met annual, ordinarily this is not a significant figure, say about £50-£100 but you need to check as sometimes it could be many hundreds of pounds. The answer will be helpful as a) areas could result in problems in the block as the communal areas may start to deteriorate where services are not paid for b) if the leaseholders have an issue with the managing agents you will need to have full disclosure
For various reasons I am unfit to visit my Spennymoor conveyancing solicitors office to execute documents for conveyancing in Spennymoor – is this a problem?
Not a problem. Spennymoor conveyancing lawyers can handle conveyancing transactions for clients from a distance. It is not necessary for you to be able to visit a Spennymoor conveyancers office. They can undertake everything using post, email, telephone and fax.