My Solicitor in Barlestone is not on the Yorkshire Building Society Conveyancing Panel. Can I still retain my family solicitor notwithstanding that they are excluded from the Yorkshire Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Barlestone solicitors but Yorkshire Building Society will need to retain a conveyancer on their panel. This will result in additional overall legal fees as well as result in frustration.
- Choose an alternative solicitor to act in the conveyancing, obviously checking they are on the Yorkshire Building Society panel
Should my conveyancer be raising enquiries about flooding during the conveyancing in Barlestone.
The risk of flooding is if increasing concern for lawyers dealing with homes in Barlestone. There are those who purchase a property in Barlestone, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, but there are a numerous checks that may be undertaken by the buyer or by their conveyancers which can figure out the risks in Barlestone. The conventional set of completed inquiry forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the owner to discover if the premises has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a purchaser could issue a compensation claim as a result of such an incorrect reply. The buyer’s solicitors may also conduct an enviro search. This will indicate whether there is a recorded flood risk. If so, more detailed investigations should be made.
It has been 2 months following my purchase conveyancing in Barlestone completed. 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 asset 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.
I am buying a new build flat in Barlestone. Conveyancing is daunting 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 is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Barlestone
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Due to the input of my in-laws I had a survey completed on a property in Barlestone in advance of retaining solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may not grant a mortgage on such a premises.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Barlestone. Conveyancing may be slightly more expensive based on your lender's requirements.