I can't travel far from Bridlington. I would like to know the understand why all Bridlington conveyancers aren't automatically on all mortgage company panels?
As inequitable as it may appear for mortgage companies to limit who can act for them, from the public’s or solicitor’s point of view, the other side of the coin is that mortgage companies are becoming ever more anxious and feel it crucial to protect them from illegal activities. As a consequence of this concern lenders are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
We see that you have a search directory identifying law firms on the UBS conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Bridlington?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bridlington.
My wife and I own a semi-detached Georgian property in Bridlington. Conveyancing lawyer represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bridlington and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
I am buying my first flat in Bridlington with the aid of help to buy. The builders refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep told me not inform my solicitor about the extras as it will put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Having checked my lease I have discovered that there are only 72 years unexpired on my flat in Bridlington. I now wish to extend my lease but my freeholder is missing. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to find the lessor. For most situations an enquiry agent may be helpful to carry out a search and to produce a report which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Bridlington.
Leasehold Conveyancing in Bridlington - Examples of Queries before Purchasing
Please tell me if there are any major works in the planning that will likely increase the service fees? Generally speaking the cost for major works tend not to be included within service charges, albeit that some managing agents in Bridlington ask leasehold owners to contribute towards a sinking fund created for the specific purpose of establishing a fund for larger works.