We wanted to use a property lawyer in St Agnes for our home move. Our broker informed us that our mortgage lenders Platform Home Loans Ltd won't deal with them. Surely this is unduly restrictive?
Mortgage Companies tend to imposes restrictions either the type or the amount of conveyancing firms on their panel. A common example of such criteria being that a firm must not be a sole practitioner. In addition to restricting the profile of firm, some have limited the amount of firms they allow to represent them. You should note that Platform Home Loans Ltd have no responsibility for the quality of advice provided by any member of Platform Home Loans Ltd Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels a few years ago even though there are differing views concerning the level of solicitor involvement in some of that fraud. Data from the Land Registry indicate that thousands of law firms, including some in or near St Agnes only carry out very few conveyances per annum.
It has been five months following my purchase conveyancing in St Agnes concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in St Agnes. 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in St Agnes
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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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey done on a house in St Agnes in advance of appointing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some lenders may refuse to give a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in St Agnes. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Agnes to see if the conveyancing costs will increase in light of this.
Is it simple use your search tool to locate a conveyancing solicitor in St Agnes on the approved list for my mortgage?
Step one is to pick a mortgage company such as Halifax, Bank of Scotland or Barclays Direct then choose your location e.g. St Agnes. Conveyancing practices in St Agnes and beyond will then be identified.
Having had my offer accepted I require leasehold conveyancing in St Agnes. Before diving in I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and most are in St Agnes - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in St Agnes - Examples of Questions you should ask Prior to buying
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Is there a share of the freehold? It would be wise to discover as much as you can concerning the company managing the building as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you will be at the mercy of the managing agents both financially and when it comes to every day matters like the upkeep of the common parts. Don't be shy to ask other people what they think of them. Finally, find out the dates that the maintenance charges are due to the relevant party and precisely what it includes. Does the lease have in excess of 90 years left?