Me and my fiance are buying property in Wealdstone. My Conveyancer is not listed on the mortgage company solicitor list. Can I still retain my Wealdstone conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?
Various options include
- Proceed with your chosen Wealdstone property lawyer but your bank will undoubtedly appoint a lawyer on their approved panel. The net result is additional cost and potential frustration.
- Choose a new conveyancing practitioner to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your solicitor to pull out all the stops to get listed on the mortgage company conveyancing panel
What does a local search reveal concerning the house my wife and I buying in Wealdstone?
Wealdstone conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search plays a central role in most Wealdstone conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
I purchased a renovated Georgian property in Wealdstone. Conveyancing practitioner acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wealdstone and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who conducted the work.
I am buying a new build flat in Wealdstone. Conveyancing is necessary evil 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.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Wealdstone
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please confirm the Lease plans are surveyor prepared. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Wealdstone in advance of appointing lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend not issue a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wealdstone. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been pointed in your direction by a few property agents in Wealdstone to choose a conveyancer using your seach tool. What’s the financial upside for Estate Agents to offer your lawyers over and above another?
We refuse to offer any commission for directing people in our direction. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.