Me and my husband are acquiring a leasehold flat in Binstead. My property lawyer is not listed on the mortgage company approved list. Can I still continue with my Binstead conveyancing solicitor notwithstanding that they are excluded from the bank list of approved lawyers?
Your options include
- Complete the deal with your preferred Binstead property lawyer but your mortgage company will undoubtedly appoint a conveyancing practitioner on their approved panel. This will result in additional fees and probable interruption.
- Choose a fresh conveyancing practitioner to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Convince your property lawyer to attempt to join the lender panel
Do lawyers request money up-front for conveyancing in Binstead?
If you are buying a property in Binstead your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. Normally this is asked for to cover the fees of the Local Authority Search. If any down payment is as part of the total price then this should be asked for immediately ahead of contracts are exchanged. Any further balance that is needed should be transferred a few days ahead of the completion date.
My aunt passed away six months ago and as sole heir and executor I was left the property in Binstead. The house had a relatively small loan remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Co-operative, pay off the mortgage. Is this allowed?
If you plan to re-mortgage then Co-operative will insist on your using a conveyancer on the Co-operative conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Co-operative conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Co-operative mortgage is registered as a charge at the Land Registry.
About to purchase a new build flat in Binstead. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Binstead
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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.
I own a leasehold house in Binstead. Conveyancing and National Westminster Bank mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Binstead who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that this person is indeed the new freeholder. It is not necessary to incur the fees of a Binstead conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Binstead Leasehold Conveyancing - Examples of Questions you should consider before buying
It would be wise to discover as much as possible regarding the managing agents as they can either make your living at the property much simpler or uncomfortable. Being a leasehold owner you are often at the mercy of the managing agents from a financial perspective and when it comes to every day issues such as the upkeep of the communal areas. Don't be shy to ask other people what they think of them. In conclusion, find out the dates that you are obliged pay the maintenance charge to the managing agents and precisely what it includes. Most Binstead leasehold apartments will have a service bill for the upkeep of the building invoiced by the landlord. Should you buy the apartment you will have to meet this liability, usually quarterly during the year. This may be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met yearly, ordinarily this is not a exorbitant sum, say approximately £50-£100 but you should to enquire it because occasionally it could be prohibitively expensive. How much is the ground rent and service charge?