Me and my partner are about to exchange buying a property in Dosthill but as a result of wreckage from a small fire at the property I have was able negotiate compensation from the seller in the sum of £2k in the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process however Barclays will not permit this. Should they have been approached?
Any lawyer being on a Barclays approved list is duty bound to disclose to Barclays of any amendments to the sale price. If you prohibit your lawyer to report the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new lawyer for your conveyancing in Dosthill.
My partner and I have arranged the release of further monies on our home loan from Virgin Money as we wish to conduct improvements to our house in Dosthill. Are we obliged to select a bricks and mortar Dosthill solicitor on the Virgin Money conveyancing panel to handle the legals?
Virgin Money do not ordinarily appoint firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Virgin Money panel.
Intending to buy a house in Dosthill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Dosthill conveyancer is on the Kent Reliance conveyancing panel.
I have finally had an offer on an apartment in Dosthill accepted, the vendors do however have a dependent purchase. The vendors have put an offer on a flat, but it’s not been accepted yet, and have viewings of other apartments booked. I have selected a high street conveyancing solicitor in Dosthill. What do I do now? At what point should I apply for the mortgage with Nottingham?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (mortgage application is in the region of one thousand pounds, then survey, Dosthill conveyancing search fees, etc). The first course of action is to ensure that your property lawyer is on the Nottingham approved list. Regarding the subsequent steps this very much dictated by the circumstances of your transaction, desire for this property and on the state of the market. During a rising market some buyers would apply for a home loan with Nottingham and arrange for the valuation and only if it was satisfactory would they request their lawyer to press on with searches.
My colleague suggested that where I am buying in Dosthill I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Dosthill conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Dosthill around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Dosthill Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Dosthill.
I purchased a semi-detached Victorian property in Dosthill. Conveyancing solicitor acted for me and Nationwide Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read 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 Dosthill and other areas of 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 situation with the conveyancing practitioner who carried out the work.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Dosthill is where the house is located. Is there any guidance you can impart?
Flying freeholds in Dosthill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Dosthill you would need to get your solicitor to go 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 Dosthill 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.