I am hoping to receive a mortgage with Nat West. I would like to retain the legal services of a Licensed Conveyancer in St Mawes. Does the Nat West Conveyancing panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in St Mawes for a purchase of a freehold house 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of St Mawes conveyancing specialists.
Just had an offer accepted on a new build flat in St Mawes. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in St Mawes
-
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared.
Due to the encouragement of my in-laws I had a survey completed on a house in St Mawes prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will not give a loan on such a property.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in St Mawes. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I use the search tool to choose a conveyancing solicitor in St Mawes on the panel for my mortgage?
1st select a lender such as Lloyds TSB Bank, Virgin Money or Alliance & Leicester then specify your location such as St Mawes. Conveyancing practices in St Mawes and nationally will then be shown.
I am looking at a two flats in St Mawes both have about 50 years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in St Mawes. The lease is a right to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease deteriorates and it becomes more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this area.
St Mawes Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing
-
Does the lease have onerous restrictions? On the whole the cost for major works tend not to be included within service charges, although there some managing agents in St Mawes obliged tenants to contribute towards a reserve fund and this is used to offset against larger works.