I do hope you can help me. My Stamford lawyer is informing me me that he is legally obliged toapply for Stamford conveyancing searches resulting from the fact thatthe firm are on the Lloydssolicitor panel. Is my conveyancer correct?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Stamford conveyancing searches.
Are there restrictive covenants that are commonly identified during conveyancing in Stamford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Stamford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Stamford I like with a park and station in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in Stamford in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Are there any apps to help locate a Stamford solicitor on the Lloyds TSB Bank conveyancing panel? I have a car and am prepared to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Stamford conveyancing lawyers located nearest you. We have detailed some Stamford conveyancing firms towards the end of this page and you can telephone them to check if they are on the Lloyds TSB Bank member panel
I own a leasehold house in Stamford. Conveyancing and Bank of Scotland mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Stamford who acted for me is not around. Do I pay?
First contact HMLR to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a Stamford conveyancing solicitor to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Stamford Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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The answer will be useful as a) areas could cause problems in the block as the common areas may start to deteriorate where maintenance are not paid for b) if the tenants have an issue with the running of the building you will want to know about it Please tell me if there are any major works on the horizon that will likely increase the maintenance charges? How much is the ground rent and service charge?
Living abroad I am unable to visit my Stamford conveyancing solicitors office to sign documents for conveyancing in Stamford – is this a problem?
You need not be concerned. Stamford conveyancing solicitors can conduct conveyancing transactions for clients from a distance. You are unlikely to be required to meet your lawyer in the flesh at a Stamford conveyancers office. They can deal with all communications via phone, post and email - whatever works for you.