I have given 8 weeks notice to my current landlord and must vacate my let out apartment in Charing Cross by the end of next month. Conveyancing for my house purchase is underway. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to serve notice on a rental unless you have exchanged. Assuming that you have not already done so, notify to your conveyancer and request that they apply pressure on the sellers lawyers, try to an agreed time frame that all parties will work to achieve
I know that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a house in Charing Cross? or I am told that there is a law dating back centuries that means some homeowners residing in a parish church boundary may be liable to contribute towards repairs towards the chancel in proximity to the church. Is this relevant for conveyancing in Charing Cross?
Unless a previous acquisition of the premises completed post 12 October 2013 you may assume that solicitors handling conveyancing in Charing Cross to remain recommending a chancel search and or chancel repair liability policy.
Due to the guidance of my in-laws I had a survey completed on a house in Charing Cross prior to retaining lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks may refuse to grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you contact us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Charing Cross. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my existing home to a buy to let loan with Britannia and I will use the ballance of the raised equity as a down payment on further property. The area we are talking about is Charing Cross. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our comparison tool on this page to check that the solicitors are approved by both mortgage companies. On the basis that they are your lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and specify your desired outcome and requirements.
Our lawyer in Charing Cross has uncovered a a legal deficiency with the lease for the flat we are buying in Charing Cross. The seller’s lawyers have offered title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that as he is on the bank conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. A precondition to being on the mortgage company approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.