It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Edenthorpe building society branch on numerous occasions and was reassured it wasn't an issue and they will lend. My Edenthorpe conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their specific requirements. Who do I believe?
Provided that the lawyer is on the bank approved list, they must adhere to the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am due to exchange contracts on my flat. I had a double glazing fitted in October 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Aldermore are being a right pain. The Edenthorpe solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are insisting on a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
At last I have had an offer on an apartment in Edenthorpe agreed to, but there is a chain. The vendors have offered on a property, however it’s not been accepted yet, and have viewings of other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Edenthorpe. What do I do now? At what stage do I apply for the mortgage with TSB?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then valuation, Edenthorpe conveyancing search charges, etc). First, you must ensure that your conveyancer is on the TSB approved list. Regarding the next stages this very much dictated by the specifics of your case, desire for this property and on the state of the market. During a buoyant market some buyers will apply for a home loan with TSB and pay for the valuation and only if it comes back ok would they request their conveyancer to press on with searches.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a property in Edenthorpe? or Apparently there is a law dating back centuries that means some owners of property living in a parish church boundary will be compelled to contribute towards maintenance towards the chancel within the church. Is this applicable for conveyancing in Edenthorpe?
Unless a previous acquisition of the property completed after 12 October 2013 you can assume that solicitors conducting conveyancing in Edenthorpe to continue to propose a a chancel search and or insurance against a claim.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Edenthorpe is where the house is located. Can you shed any light on this issue?
Flying freeholds in Edenthorpe are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Edenthorpe you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edenthorpe 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.
I was pointed in your direction by numerous property agents in Edenthorpe to find a solicitor using your seach tool. Is there a financial upside for Estate Agents to offer your services over a competitor’s?
We refuse to offer any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Is it best to appoint a Edenthorpe conveyancing lawyer who is local to the property I am hoping to buy? I have an old university friend who can conduct the legal formalities however they are based approximately 350miles drive away.
The benefit of a local Edenthorpe conveyancing firm is that you can visit the firm to sign documents, deliver your ID and apply pressure on them if necessary. Having local Edenthorpe know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and the majority were happy that should outweigh using an unfamiliar Edenthorpe conveyancing solicitor just because they are based in the area.