I happen to be the sole beneficiary of my late father’s estate with all property in now in my sole name, including the house in Battlesbridge. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML six month 'rule', meaning my proprietorship could be considered the same way as if I'd bought the house in December. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. Some lenders would take a pragmatic view as this obligation principally exists to identify the purchase and immediately sell or the flipping of properties.
We have agreed to purchase a house in Battlesbridge. A rare aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Nottingham your lawyer must check the formal instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Nottingham. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and conveyancers are required to report to Nottingham where a lease fails to satisfy these requirements. The specifications relate to the installation of panels on properties nationwide and is not restricted to Battlesbridge.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Battlesbridge lawyer on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
I require fast conveyancing in Battlesbridge as I am faced with an ultimatum to complete in less than 2 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a cash buyer you are at free not to do searches although no lawyer would advise that you don't. With plenty of history conveyancing in Battlesbridge the following are examples of what can show up and therefore impact future mortgageability: Enforcement Notices, Outstanding Fees, Overdue Grants, Road Schemes,...
Just bought a terraced house in Battlesbridge , What is the estimated time for the Land Registry to record my proprietorship? My Battlesbridge conveyancing solicitor works at snail pace, so I want to be certain that my purchase is registered.
As far as conveyancing in Battlesbridge is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can vary according to the party submitting the application, whether there are errors and if the Land registry have to notify any 3rd parties. Currently approximately 80% of such applications are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Registration takes place after the buyer is living at the property therefore 'speed' is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Battlesbridge is where the house is located. Is there any guidance you can impart?
Flying freeholds in Battlesbridge are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Battlesbridge you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Battlesbridge may determine 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 premises.
How can the Landlord & Tenant Act 1954 affect my business premises in Battlesbridge and how can your lawyers assist?
The 1954 Act provides protection to business leaseholders, giving them the a statutory right to apply to court for a new lease and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and assist with commercial conveyancing in Battlesbridge