Some advice if I may. My Coniston conveyancer is advising me that she is duty bound toapply for Coniston conveyancing searches asthe firm are on the HSBCapproved lawyer panel. Is my conveyancer right?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your property lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Coniston conveyancing searches.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Coniston. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/12/2018, the requirements read as follows :
Are there restrictive covenants that are commonly identified as part of conveyancing in Coniston?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Coniston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a simple, chain free conveyancing. Coniston is where the house is located. What do you suggest?
Flying freeholds in Coniston are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Coniston you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coniston 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 premises.
I'm converting the mortgage on my existing house to a buy to let mortgage with Lloyds TSB Bank and I will use the rest of the raised equity as a deposit on further property. The area we are talking about is Coniston. Will your conveyancers be able to act for the two banks and tie in the conveyances?
Make use of our search tool on this page to be sure that the conveyancers are approved by both banks. On the basis that they are your lawyer should be able to tie up the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and needs.