We are purchasing a purpose built apartment in Exton with a residential mortgage from Barclays Direct.We use our Exton conveyancing solicitor but Barclays Direct says his firm is not on their approved list of member firms. We have to appoint a Barclays Direct panel firm or retain our preferred solicitor and pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you is subject to its various provisions, one of which will be that conveyancers will be on the Barclays Direct solicitor panel. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Barclays Direct
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial land in Exton?
Many commercial conveyancing solicitors in Exton will conduct a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Exton. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Exton.
For each commercial conveyancing transaction in Exton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Exton commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Exton.
Just had an offer accepted on a new build flat in Exton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Exton
Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I decided to have a survey carried out on a property in Exton ahead of retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not grant a loan on this type of house.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Exton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Exton to see if the conveyancing costs will increase in light of this.
My mother and father cant seem to find their Exton property on the HM Land Registry website. They recall that back in the 70’s when they acquired the house there were complications with Exton not being identified on some systems.
Nearly all residences in Exton should show up. Have you endevoured to search with just the postcode. Ordinarily it will mention all the premises within that postcode. Assuming the property is registered it will show up with a title number. Where they bought 50 years ago it's conceivable it may be unrecorded. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to locate the original title deeds which might be with your parent’s mortgage company.