Much to our surprise we have been advised by our financial adviser that my Barlestone solicitor is not on the bank Conveyancing panel. How can I be certain if this is indeed the case?
The sensible course of action for you to take is to contact your Barlestone lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
I am buying a brand new flat in Barlestone and my conveyancer is advising me that she has to the bank to reveal incentives from the seller. I am on a tight deadline to exchange contracts and I have no desire to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
A colleague pointed out to me me that in buying a property in Barlestone there could be various restrictions preventing external changes to the property. Is this right?
There are a number of properties in Barlestone which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Barlestone should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Does a directory service exist listing Barclays panel conveyancers in Barlestone on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such facility on the CML or Building Society Association websites. Very few mortgage companies make their panel listings visible over the internet. If you are in need of a Barlestone property lawyer on the Barclays please make the most of our facility.
I currently have a mortgage with Skipton for my property in Barlestone. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?
Skipton must be informed of your intention prior to letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. You need not do this via a Skipton conveyancing panel lawyer.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Barlestone is the location of the property. Can you offer any advice?
Flying freeholds in Barlestone are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Barlestone you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Barlestone may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Can you offer any advice when it comes to appointing a Barlestone conveyancing firm to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Barlestone conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Barlestone conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
What are the costs for lease extension work? How many lease extensions have they completed in Barlestone in the last twenty four months?
Barlestone Leasehold Conveyancing - Examples of Queries before buying
Does the lease include onerous restrictions? Are there any major works anticipated that will increase the maintenance costs?