Can you help? My Allestree lawyer is informing me me that he is legally obliged toconduct Allestree conveyancing searches becausethe firm are on the Virgin Moneyconveyancing panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Allestree conveyancing searches.
We are purchasing a property and the solicitor has mentioned Chancel Repair for which the property could be obligated to pay given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly necessary for conveyancing in Allestree
Unless a previous purchase of the house took place post 12 October 2013 you could assume that lawyers handling conveyancing in Allestree to continue to advocate a chancel search and or chancel repair liability policy.
I purchased a renovated Edwardian house in Allestree. Conveyancing practitioner represented me and The Mortgage Works. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same property. Is it worth asking The Mortgage Works to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Allestree and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing practitioner who conducted the conveyancing.
I have been on the look out for a ground for flat up to £235,500 and found one near me in Allestree I like with open areas and transport links nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Allestree suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the remaining unexpired lease term may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
As a leasehold owner I am liable for a service charge for my appartment in Allestree. Due to losing my job and other issues I slipped behind with payments. I negotiated a settlement schedule but there remains a couple of currently due.
I am under pressure to dispose of the property and I am worried this will jeopardize the sale if I have to pay off the amount due in advance. I'd like to sell up and subsequently pay them back with the completion monies - is this possible?
Do check with the conveyancing practitioner undertaking your Allestree conveyancing but one option may be to arrange for the outstanding amount to be passed to the buyers. The purchase price due would be adjusted to reflect the amount of debt they assume. They could then deal with the arrears once they are the owners.